Illinois State Historic Tax Credit
The Illinois Historic Preservation Tax Credit Program provides a state income-tax credit equal to 25% of a project’s Qualified Rehabilitation Expenditures (QREs), not to exceed $3 million, to owners of certified historic structures who undertake certified rehabilitation projects.
The statewide historic tax credit program took effect January 1, 2019. Landmarks Illinois, alongside preservation partners, spent over a decade advocating for this important incentive. The tax credit program is administered by the State Historic Preservation Office (SHPO), Illinois Department of Natural Resources. More information on the Illinois Historic Tax Credit Program is available on the SHPO website.Learn more about the statewide tax credit