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Bill in Maryland Would Boost HTC Percentage for Owner-Occupied Homes

Thursday, February 3, 2022 - 10:30AM

Legislation in the Maryland House of Representatives would increase the state historic tax credit (HTC) percentage for certain owner-occupied homes. H.B. 539 would boost the state HTC percentage from 20% to 25% for an individual’s qualified rehabilitation expenditures (QREs) on a single-family, owner-occupied home. Other properties would retain a 20% state HTC.

Get expert insight into the HTC incentive, question-and-answer columns and a collection of news items each month in the Novogradac Journal of Tax Credits.

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