Maryland Changes Definition of ’Small Commercial Project’ Under State Historic Tax Credit, Making Common Areas in Condominiums and Co-Ops Eligible to Claim Credit

Friday, May 15, 2020 - 9:45am

Legislation enacted in Maryland makes changes to the state historic tax credit (HTC) incentive, including a new definition of “small commercial project.” H.B. 759 adds the common areas for condominiums and cooperative housing to the list of areas for which the HTC can be claimed in a small commercial project.