Pages on Frank Gratke Site
What kinds of work are eligible for tax credits?
Wisconsin statutes define five categories of work eligible for the tax credit:
The exterior of a historic property
The interior of a window sash (if work is done to the exterior of the window sash)
Structural elements of a historic property
Heating and ventilating systems
Electrical or plumbing systems, but not electrical or plumbing fixtures
How are Properties Evaluated?
To be considered eligible, a property must meet the National Register Criteria for Evaluation. This involves examining the property’s age, integrity, and significance.
• Age and Integrity. Is the property old enough to be considered historic (generally at least 50 years old) and does it still look much the way it did in the past?
• Significance. Is the property associated with events, activities, or developments that were important in the past? With the lives of people who were important in the past? With significant architectural history, landscape history, or engineering achievements? Does it have the potential to yield information through archeological investigation about our past?
The first part on getting the credits is getting the building on the national historical register, This is done thru the your state historical Society, How does the program work?
Homeowners apply, submitting a tax credit application. Once approved, the work is carried out, tax credits are applied, and then your project is closed. Here are the steps:
First you'll send the tax credit application (Parts 1 and 2) with "before" photos of your property and a list of the work that you'd like to carry out.
Next Society staff will review Part 1 of your application to certify that your property is historic.
After Part 1, Society staff will review Part 2 of your application to make sure the work you are proposing will not harm the historic character of your property.
Preservation architects will review the proposed work to determine if it meets the Secretary of the Interior Standards for Rehbilitation. The society will mail you a letter with the decision.
Once Part 1 and 2 are approved, you can carry out the work and take the tax credit year-by-year, based on 25 percent of your costs of eligible work.
When you have completed work on your entire project, you will send in a "Request for Certification of Completed Work" form. Along with the form, you'll send in a total of your project's cost and "after" photos that clearly show the work you have carried out.
When your request is approved, the Society will mail you a letter stating that your project is closed and complete.
My property is in a historic district. Why do I need to send in Part 1 of the application?
Every project needs Part 1 of the application to ensure that the property is still historically significant. Some historic districts, for example, were created nearly 30 years ago. Over that time, some properties have been altered and no longer contribute to the historical significance of their districts. This is true for districts and properties listed in the State Register and National Register of Historic Places. Society staff will review the application and accompanying photographs to determine whether properties are still historic.
The rewards for Historical Credits 20% from fed 25% from the state of Wisconsin.
The work of Roger Sherman Hoar, Howard Eells, and Wilder Penfield needs to brought forward. The preservation of South Milwaukee can do I lot to show how they lived and worked. A preservation district needs to be formed.
Historical Preservation Credits By Frank Mill Pond Gratke