NPS UPS HISTORIC PRESERVATION CERTIFICATION REVIEW FEES
The National Park Service (NPS) today released an updated fee schedule for its review of historic tax credit certification applications. The graduated fees are based on applicants’ estimated qualified rehabilitation expenditures (QREs). An applicant will be required to pay half of the fee with its Part 2 review and the remainder of its fee with the Part 3 review; the total fee will be based on the actual QREs reported to the NPS. Applicants should only pay the fees to the NPS upon request and the fees apply only to new applications. The fees do not apply to applications submitted before the Dec. 30, 2012 effective date.
Tune in to the Dec. 4 Tax Credit Tuesday podcast to hear more about what the application fee changes could mean for HTC development.