Sign Up For Novogradac Industry Alert Emails

Amendments Made to Texas HTC Program

Monday, November 17, 2014 - 8:00AM

The Texas Historical Commission last week adopted amendments to clarify the type of entities that may apply for the state’s franchise tax credit for rehabilitation of a historic building. The amendments include a provision that specifies that non­profit and governmental entities may apply for the credit along with entities that are subject to the franchise tax. The amendments to the program regulations allow for separate ownership of the land and the structure on it, and certain leaseholds in the structure, to reflect similar standards for eligibility of projects un­der the federal rehabilitation tax credit program. The amendments become effective Nov. 20.

Tune into the Nov. 25 episode of the Tax Credit Tuesday podcast to learn more.

Learn more about Novogradac's expertise and many services