The state and federal government encourage the preservation and rehabilitation of historic buildings by allowing income tax credits for the rehabilitation of certain historic properties.  The following links explain the incentive system.

• National Park Service Tax Credit site
• New York State Historic Preservation Office tax credit site
• Incentives! A Guide to tax incentives for income producing properties
• “Interpreting the Standards Bulletins” : Illustrated examples of rehabilitation work deemed inappropriate; these are helpful in showing how the Standards are applied.