Montana Tax Legislation Passes, but State HTC Remains
Tax legislation in Montana that would originally have repealed the state historic tax credit (HTC) is now law, but without the HTC provision. S.B. 399 included sweeping changes to Montana’s tax structure, including the elimination of some tax credits. The state HTC’s elimination was removed from the bill before final passage.
The Novogradac Historic Rehabilitation Handbook provides an overview of the HTC incentive, including how the federal and state credits interact.