Maryland State Commercial Historic Tax Credit Now Transferrable, Refundable

Monday, May 18, 2020 - 8:45am

The Maryland state historic tax credit (HTC) for commercial properties is now transferrable, due to legislation enacted May 8. H.B. 862 allows the state commercial HTC to be transferred and to be refundable. The new provisions begin July 1 and apply to taxable years beginning Jan. 1, 2020.