Maryland Legislation Would Add 5 Percent Bonus to HTC for OZ Properties
Legislation in the Maryland state Senate to provide a 5 percent bonus for state historic tax credit (HTC) properties in opportunity zones (OZs) advanced from the Budget and Taxation Committee. S.B. 656 is a companion bill to legislation introduced in the House of Representatives. The legislation would expand projects eligible for the 5 percent increase to include OZs. The state HTC already provides a 5 percent bonus for various provisions, including being the awardee of federal low-income housing tax credits.