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Mississippi Increases State HTC Cap, Limits Annual Cap

Tuesday, May 17, 2016 - 2:00PM

The cap for Mississippi’s state historic tax credit (HTC) will double to $120 million, but the limits for the annual allocation amount will be $12 million under legislation signed by Gov. Phil Bryant last week. The original state HTC legislation from 2006 had a $60 million cap, but no annual limit and reached the overall cap in 2014. The new legislation takes place effective July 1 and applies to properties that are issued a certificate of eligibility before the end of 2020.

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