Arizona Legislature Introduces Bill to Create State HTC

Wednesday, January 25, 2023 - 2:30PM

Legislation to introduce a state historic tax credit (HTC) was read twice this week in the Arizona state Legislature. H.B. 2258 would authorize a combined annual aggregate cap of $15 million in tax credits from Dec. 31, 2023, through Dec. 31, 2033. The amount of the credit is 20% of the qualified rehabilitation expenditures (QREs). The credit can be carried forward 10 years.

Learn more about HTCs with the Novogradac Historic Rehabilitation Handbook.

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