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Mississippi Legislation Would Extend Period to Elect a Rebate for State HTC

Wednesday, January 11, 2023 - 1:00PM

Legislation introduced in the Mississippi House of Representatives would expand the period in which a taxpayer can claim a 75% rebate on the amount of the state historic tax credit (HTC). H.B. 390 would extend the period for the election of the rebate to any time after the certification of the rebate. Currently, that election must be made in the year in which the rebate is certified.

The Novogradac Introduction to Historic Tax Credits includes the basics of the HTC incentive, including state credits.

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