New Guidance on Qualified Rehabilitation Expenditures from the IRS

The National Park Service Technical Service Bureau recently shared new guidance from the IRS regarding Qualified Rehabilitation Expenditures. View a pdf of the new guidance here.

The guidance has incorporated detailed information on costs associated with flood adaptation which can be used in conjunction with the Guidelines of Flood Adaptation for Rehabilitating Historic Buildings (TPS 2021). It classifies QRE from non-QRE, and identifies those that may be QRE, depending on the situation.

Additionally, you’ll find information on costs related to renewable energy sources including solar panels, wind turbines, and geothermal systems.

For further information, visit the IRS website [Rehabilitation Credit - Real Estate Tax Tips].

2022 SESAH CONFERENCE- Memphis, Tennessee - November 2-5, 2022

The Southeast Chapter of the Society of Architectural Historians (SESAH) will host its 40th Annual Conference in Memphis, TN from November 2-5, 2022. The SESAH is now accepting abstracts for individual papers or proposals for session panels, consisting of three papers and a chair. Session proposals are due by May 6, 2022. For more information see SESAH.org

Louisiana Trust for Historic Preservation 

Announced the 2021 Most Endangered Places in Louisiana

This year's list represents a mix of sites ranging from enslaved burial grounds to World War II era buildings. Listing these places acknowledges their importance to the local community and our statewide identity and economy. 

Louisiana Trust for Historic Preservation's Rosenwald Schools Initiative!

Rosenwald schools were constructed for African American students during the first half of the 20th Century in Louisiana's rural communities. Community members were very instrumental in their construction as they provided matching funds in addition to, but not always, funds from the school boards and grants received from Julius Rosenwald. CLICK ON SCHOOL PLAN TO ACCESS THE LTHP WEBSITE TO LEARN MORE ABOUT THIS IMPORTANT INITIATIVE! 

THE FEDERAL HISTORIC REHABILITATION TAX CREDIT APPLICATION FORMS HAVE CHANGED (again)! Be sure to download and utilize the most recent forms immediately. Effective Monday, March 1, 2021, the Division of Historic Preservation will ONLY accept forms with the header Rev. 2019. (updated 01/27/2021)

UPDATED December 10, 2021: STATE COMMERCIAL TAX CREDIT PROGRAM SUNSET EXTENTION AND RESERVATION CAP. During the 2020 First Extraordinary Session, the Louisiana Legislature extended the State Commercial Tax Credit Program through December 31, 2025, and placed a cap on the amount of credits reserved annually. Any Part 2 State Commercial tax credit applications received January 1, 2021 or later is subject to the  credit reservation cap. For information on reserving your historic tax credit, please visit the State Commercial Tax Credit page. 

Click here: Federal Historic & Non-Historic Rehabilitation Tax Credit Programs, and  State Commercial & Residential Tax Credit Programs