Kentucky State HTC Cap Officially Expands from $5 Million to $100 Million

Friday, March 24, 2023 - 1:15PM

The annual cap for the Kentucky state historic tax credit (HTC) will increase from $5 million to $100 million effective April 30, thanks to legislation passed in 2021. H.B. 249 requires that $25 million of the expanded cap go to owner-occupied residential housing, while the rest goes to non-residential property. Additionally, H.B. 659, passed this year, increases the project cap for commercial projects from $400,000 to $10 million and the owner-occupied project cap from $60,000 to $120,000.

The 2023 Novogradac Historic Rehabilitation Handbook provides an overview of the federal and state HTC incentive.

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