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Bill to Reinstate Michigan State HTC Introduced

Wednesday, June 28, 2017 - 10:15AM

Michigan legislators introduced a bill this month to restore the state’s historic tax credit (HTC), effective in 2018. The HTC would apply to qualified expenditures for contributing commercial and residential properties in a local historic district–an additional 5 percent to the 20 percent federal credit for income-producing properties and a 25 percent credit for owner-occupied historic homes. Michigan previously had a state HTC from 1999 until 2011.

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