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2023-202 7Schedule HR-5 Instructions
Required Attachments
• Include a copy of the final certification of completed work from the National Park Service with Schedule HR-5.
o For properties not yet listed in the National Register of Historic Places, include a copy of the signed letter from the
National Park Service certifying that the completed rehabilitation meets the “Secretary of the Interior’s Standards for
Rehabilitation.” If you haven’t received the final certification by the time the tax return is filed, include a copy of the
“Historic Preservation Certification Application (Part 2 - Description of Rehabilitation).”
o Include a copy of the final certification of completed work to the first income or franchise tax return filed after receipt of
the certification along with an explanation of the amount and the years in which the credit was claimed. If the credit
is passed through from a partnership, LLC treated as a partnership, tax- option (S) corporation, estate, or trust,
include a copy of your Schedule 3K-1, 5K-1, or 2K-1 instead of the final certification.
• If the credit of a partnership or LLC treated as a partnership is allocated as provided in a written agreement, the partnership
or LLC must also attach a copy of the agreement to its partnership return (Wisconsin Form 3), and each partner or
member receiving the credit must attach a copy of the agreement to the return on which they claim the credit.
• A copy of the certification of eligibility issued by the Wisconsin Economic Development Corporation.
• If you are claiming a carryover of the supplement to the federal historic rehabilitation credit from a prior taxable year, include
Schedule CF with your tax return.
Transfer of the Supplement to the Federal Historic Rehabilitation Tax Credit
For taxable years beginning on or after January 1, 2014, any person, including a nonprofit entity described in section
501(c)(3) of the Internal Revenue Code, may sell or otherwise transfer the credit, in whole or in part, to another person who is
subject to the taxes imposed under secs.71.02,71.08 71.23, , or 71.43, Wis. Stats., if the person notifies the Department of
Revenue (DOR) of the transfer, and submits with the notification a copy of the transfer documents, and DOR certifies ownership
of the credit with each transfer.
The purchaser can first use the credit in the tax year the purchase is completed. For example, a tax credit from the 201 8tax
year is purchased in 2022. The credit can be used by the purchaser in tax year 202 2 or later. The purchaser cannot amend their
tax return to use the credit in 2018, 2019, 20 20, or 2021.
If DOR adjusts or disallows, in whole or in part, a credit that has been transferred, only the person who originally transferred
the credit to another person is liable to repay the adjusted or disallowed amount.
Credit Certification
No person may claim the credit without first being certified by the Wisconsin Economic Development Corporation (WEDC)
and including a copy of the certification with their return. WEDC may certify a person to claim the credit if WEDC determines
that the person is conducting an eligible activity. For certification purposes, the claimant shall provide to WEDC all of the following:
• Evidence that the rehabilitation was recommended by the State Historic Preservation Officer for approval by the Secretary
of the Interior under 36 CFR 67.6 before the physical work of construction, or destruction in preparation for construction, began
and that the rehabilitation was approved by the State Historic Preservation Officer.
• Evidence that the taxpayer obtained written certification from the State Historic Preservation Officer that:
1. The property is listed on the National Register of Historic Places in Wisconsin or the State Register of Historic Places,
or is determined by the State Historical Society to be eligible for listing on the National Register of Historic Places in
Wisconsin or the State Register of Historic Places, or is located in a historic district that is listed in the National Register of
Historic Places in Wisconsin or the State Register of Historic Places and is certified by the State Historic Preservation
Officer as being of historic significance to the district, or is an outbuilding of an otherwise eligible property certified by
the State Historic Preservation Officer as contributing to the historic significance of the property.
2. The proposed preservation or rehabilitation plan complies with standards promulgated under sec. 44.02 (24), Wis.
Stats., and the completed preservation or rehabilitation substantially complies with the proposed plan.
3. The costs are not incurred to acquire any building or interest in a building or to enlarge an existing building.
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