Covers 20% of qualified rehabilitation costs up to a credit value of $5 million; must be combined with the 20% Federal Historic Preservation Commercial Tax Credit (which can then cover 40% of qualified rehabilitation expenditures), therefore project must meet all the requirements of the Federal Rehabilitation Tax Credit Program. Use of state commercial credit is limited to buildings in qualifying census tracts or must be a historic building within a NYS Park or State Historic Site. Contact: https://parks.ny.gov/shpo/contact/
