Nevada Bill Would Create State HTC Program

Tuesday, April 23, 2019 - 11:30am

Legislation in Nevada to create a state historic tax credit has been sent to the House Ways and Means Committee. A.B. 178 would create a transferable 20 percent state HTC for qualified rehabilitation expenses of at least $20,000 on historic buildings. The credit would jump to 25 percent for properties in certain state or federal rehabilitation programs and 30 percent for affordable housing. There would be a $1 million project cap and a $10 million annual statewide cap.