Miss. Code. tit. 16, pt. 3, ch. 5 - Mississippis State Historic Preservation Tax Incentives Program

Introduction. In March 2006, Governor Haley Barbour signed Senate Bill 3067, which created the Mississippi state historic preservation tax incentives program to encourage the rehabilitation of historic buildings. The Mississippi Department of Archives and History (MDAH) is responsible for the administration of the program, which provides for a state income tax credit equal to 25% of the qualified expenses of rehabilitating historic structures used for residential or business purposes. Properties do not need to be income-producing to qualify for the state tax credit; therefore, rehabilitations of owner-occupied residences are eligible. Only expenditures incurred after January 1, 2006, qualify.

Properties qualifying for the 20% federal preservation tax credit will also qualify for the state tax credit. In effect, the combined federal and state credits can reduce the cost of a certified rehabilitation of an income-producing historic structure by 45%.

For additional information about the state and federal tax incentives, and to determine if a property is listed on the National Register of Historic Places or is a Mississippi Landmark, please contact the Department at the address or telephone number listed below. The National Park Services web site (http://www2.cr.nps.gov/tps) [File Link Not Available] contains additional information about the federal tax program, as well as technical guidance, including the Secretary of the Interior's Standards for Rehabilitation and the Preservation Briefs.

An application packet, which includes the State Historic Preservation Certification Application form, instructions, a sample completed application, and a copy of the Secretary of the Interiors Standards for Rehabilitation is available for free when requested viahpres@mdah.state.ms.us [File Link Not Available] and sent electronically or for a fee from the following address:

Historic Preservation Division

Mississippi Department of Archives and History

P. O. Box 571

Jackson, MS 39205-0571

601-576-6940