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Utah Historic Preservation Tax Credit Summary - Continued When Can I Claim the Credit? The credit may be taken for the tax year in which the entire project was completed and the rehabilitation work and a National Register nomination form have been approved by the SHPO. (A certification number will be issued to the owner at that time). Credit amounts greater than the amount of tax due in that year may be carried forward up to five years. Are There Any Restrictions Placed on My Building? The only restriction is that all work done to the building during the rehabilitation project, and for three years following the '. certification of the project, must meet the Secretary of the Interior's Standards for Rehabilitation. Please consult with the State Historic Preservation Office if you have any questions. How do I Take the Tax Credit? The original completed and signed form TC-40H, Historic Preservation Tax Credit, must be attached to your initial state income tax return. This form will be provided by the SHPO when the completed project is approved. If you carryforward this tax credit, you must attach a copy of the completed form, with the new carryforward amount, to your tax return. Note that carryforward amounts must be applied against tax due before the application of any historic preservation tax credits earned in the current year and on a first-earned, first-used basis. Please consult with the State Tax Commission if you have any questions. Original records supporting the credit claimed must be maintained for three years following the date the return was filed claiming the credit. For More Information or a State Tax Credit Application Contact: Charles Shepherd at [phone] or Barbara Murphy at [phone] Utah State Historic Preservation Office 300 Rio Grande Salt Lake City, Utah 84101-1182 For Tax-Related Questions Contact: Lynn Solarczyk at [phone] Utah State Tax Commission For Information on Low-Interest Preservation Loans Contact: Utah Heritage Foundation at [phone] Additional Local Requirements May Also Apply: Salt Lake City Landmarks Committee [phone] Park City Planning Department [phone] Ogden Planning Department [phone] The State Historic Preservation Office can provide additional local preservation contacts. Revised 9115194