Sunday, October 25, 2009 at 06:08PM
Salley Trefethen

Some Remodeling Can Earn You up to $25K in Tax Credits—State Income Tax Incentive Program

If your home is in the historic overlay zone of Huning Highlands (most are) and you're thinking about remodeling your home, there are some changes that might earn you up to $25,000 in New Mexico tax credits.

The State of New Mexico Investment Tax Credit program was created on January 1, 1984. The state income tax credit is available to owners of historic structures who accomplish qualified, rehabilitation on a structure or stabilization or protection of an archaeological site. It is a two-part process. State applications are available on-line in MS Word format or from the office. Criteria of the program are:

For all the details of this program, follow this link to the New Mexico Historic Preservation Division.

 

Article originally appeared on HHHDA Neighborhood News and Views (http://www.hhhda.org/).
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