Texas law allows a tax credit for up to 25 percent of eligible costs and expenses relating to the certified rehabilitation of certified historic structures. This credit is available for franchise tax reports originally due on or after Jan. 1, 2015 and for annual insurance premium tax reports originally due on or after Jan. 1, 2018. The credit can only be used for insurance premium taxes due under Texas Insurance Code, Chapters 221, 222, 223, or 224.
All historic structure credit information is confidential. Only the credit owner may request a copy of the credit certificate. The credit owner may provide a power of attorney to designate another party to receive a copy of the certificate.
To qualify for the credit, you must meet these requirements:
To establish the credit, follow these steps: