Expenditures After Mid-2016 Ineligible for Indiana State HTC

Wednesday, August 7, 2019 - 10:15am

The Indiana Department of Revenue issued an information bulletin clarifying that no expenditures made after June 30, 2016, nor expenditures in a taxable year beginning after Dec. 31, 2015, are eligible for certification under the state historic tax credit (HTC). However, HTCs granted previously are eligible for carryforward. Information Bulletin #87 addresses Indiana’s state HTC, which is for 20 percent of qualified rehabilitation expenditures, with an annual statewide cap of $450,000.