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Minnesota Governor Signs Omnibus Legislation that Extends State HTC Until 2022
Minnesota Gov. Tim Walz signed legislation late last week that extends the state historic tax credit (HTC) for one year, to June 30, 2022. The extension was included in an omnibus tax bill. The Minnesota HTC is worth 20%, matching the federal HTC. It can also be taken as a grant worth 90% of the federal credit.
The Novogradac Historic Rehabilitation Tax Credit Handbook provides an overview of the HTC and how state and federal incentives interact.