The Hawaii Historic Preservation Income Tax Credit offers a 30 percent credit for qualified rehabilitation expenditures (QREs) for the rehabilitation of historic properties.

• Available in the year in which the structure is place in service.
• Carry forward: 10 years.
• Recapture: from any taxpayer who receives a credit and the projected qualified expenditures do not occur or the rehabilitation of the certified historic structure does not proceed in a timely manner and in accordance with the approved rehabilitation plan.
• Sunset date: Dec. 31, 2024.

State of Hawaii State Historic Preservation Division