Michigan Bill Would Make Historic Barns Eligible for State HTC

Thursday, April 14, 2022 - 3:45pm

Legislation introduced today in the Michigan Senate would make historic barns eligible for the state historic tax credit (HTC). S.B. 1008 would define a historic barn as an agricultural structure that was at least partially built before 1945 and is or was used as an agricultural facility or for purposes related to agriculture. The bill would require the state historic preservation office to establish eligibility guidelines within 120 days of the effective date of the bill. Michigan’s state HTC is for 25% of qualified rehabilitation expenditures and has a $5 million annual cap. It was effective as of Jan. 1, 2021.

The Novogradac Historic Rehabilitation Handbook provides an overview of the HTC and delves into the intricacies of the incentive.