Irvington Historical Society
Residential Historic Rehabilitation Credit
The Residential Historic Rehabilitation Credit is available to Indiana State Income taxpayers who undertake certified rehabilitations of historic buildings that are principally used and occupied by a taxpayer as that taxpayer's residence. The State incentive allows a taxpayer to claim a State Income Tax credit for 20% of the total qualified rehabilitation or preservation cost of a project.
To qualify for the deduction:
• The property must be 50 years old or older
• The rehabilitation work must have cost at least $10,000
• The work must have been done to remodel, repair or enlarge the existing structure. However, the deduction for an addition is limited to the square footage of the historic portion of the building. For example, if the original structure is 2,000 square feet, and the addition is 3,000 square feet, the deduction only applies to 2,000 square feet of the addition.
• Taxpayers must file an Application for Deduction from Assessed Valuation of Rehabilitated Property (State Tax Board Form 322 or 322a) with the county auditor.
Important Forms:
Qualified Expenditures
 The qualified expenditures for preservation or rehabilitation of the historic property must exceed ten thousand dollars ($10,000).
 Qualified expenditures include the cost of work for preservation or rehabilitation that enables the structure to be principally used and occupied by the taxpayer as the taxpayer's residence. Qualified expenditures do not include cost of acquiring the property or realtor's fees associated with the property. taxes due on the property, costs of additions or enlargement of the existing structure, paving and landscaping, and sales and marketing costs.
For more information about Residential Tax Credits, contact David Duvall, Historical Architect and Tax Credit Administrator
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or visit Indiana's Division of Historic Preservation and Archaeology @

Example of Residential Tax Credit Properties
c. 1940 picture provided by: Bill Gulde
c. 1940 picture provided by: Bill Gulde
Present-day picture: provided by Bill Gulde
For more information about 59 N. Hawthorne Lane and other interesting pictures, facts and stories, visit about Irvington Areas, please visit Bill Gulde site: