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Legislation to Create Florida State HTC Withdrawn from Consideration

Wednesday, March 16, 2022 - 11:15AM

Legislation that would have created a Florida state historic tax credit (HTC) has been withdrawn from consideration. H.B. 247 would have created a state HTC worth 25% of qualified rehabilitation expenditures (QREs) for properties eligible to receive the federal HTC. The bill would also have added a 10% bonus credit for properties in areas designated as part of the Florida Main Street Program. A similar bill, S.B. 1310, failed to advance from committee.

The Novogradac Historic Rehabilitation Handbook provides an overview of federal and state HTCs and the intricacies of the incentive.

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