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Arkansas State HTC Cap for Income-Producing Properties to Increase July 1

Wednesday, March 15, 2017 - 12:00PM

The Arkansas state historic tax credit (HTC) project cap for income-producing properties will increase to 25 percent of the first $1.6 million of qualified rehabilitation expenses (QREs), effective for projects that start on or after July 1, after the passage of SB 253. The cap for income-producing properties is currently 25 percent of the first $500,000 of QREs. The credit cap for non-income producing properties remains 25 percent up to the first $100,000 of qualified expenses.

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