Maryland Legislation Would Increase Annual State HTC Cap for Small Commercial Properties

Tuesday, February 9, 2021 - 9:45AM

A bill in the Maryland Senate would increase the annual statewide historic tax credit (HTC) cap for small commercial properties from the current cap of $4 million to $5 million. S.B. 659 would affect properties with qualified rehabilitations expenditures of $500,000 or less.

Novogradac’s historic tax credit practice can provide guidance on tax, compliance and structuring issues for developments that receive state or federal HTCs.

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