Sign Up For Novogradac Industry Alert Emails

Montana Legislation Would Eliminate State’s HTC

Thursday, April 1, 2021 - 1:45PM

Sweeping tax legislation introduced in the Montana Senate would terminate the state’s historic tax credit (HTC). S.B. 399 would decrease the number of income tax brackets, eliminate the state’s capital gains tax and make several other changes, including the elimination of 18 tax credits. One of those targeted for elimination is the Montana Historic Rehabilitation Income Tax Credit, which is worth 25% of the federal tax credit claimed.

The Novogradac Introduction to Historic Tax Credits booklet provides a description of the basics of the HTC incentive, including the interaction of state credits with the federal HTC.

Learn more about Novogradac's expertise and many services