A bill introduced Tuesday in the New Hampshire Legislature would establish a historic tax credit (HTC) for housing. S.B. 231 would create a five-year credit capped at $5 million annually in contributions for historical structures being used as or converted to multifamily apartments. The tax credit would be applicable to up to 65% of the contribution made by an investor to the state authority, which would pass the investment to a specific project. If passed, the legislation would take effect July 1.

Learn more about HTCs with the Novogradac Historic Rehabilitation Handbook.