Secretary of the Interior Ken Salazar has asked the National Park Service to conduct an internal review of the Federal Historic Preservation Tax Incentives Program to ensure the program is maximizing opportunities to use historic preservation to promote economic development and revitalization of communities, particularly in urban areas.
The program, which is administered by the National Park Service and the Internal Revenue Service in partnership with State Historic Preservation Offices, provides a 20 percent tax credit to developers who undertake a substantial rehabilitation of a historic building while maintaining its historic character.
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