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Governor Signs Bill Extending Maine HTC Sunset by Five Years

Thursday, April 28, 2022 - 9:00AM

Maine Gov. Janet Mills signed legislation Wednesday to extend by five years the sunset date of the state historic tax credit (HTC). L.D. 201 changes the sunset date for Maine’s HTC from Dec. 31, 2025, to Dec. 31, 2030. Maine’s state HTC is for 25% of qualified rehabilitation expenditures (QREs) if the property qualifies for the federal HTC. The credit is also available if a taxpayer doesn’t claim the federal credit, but incurs between $50,000 and $250,000 in QREs.

The Novogradac Historic Rehabilitation Handbook provides an overview of the HTC and delves into the intricacies of the incentive.

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