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New York Legislation Would Change Eligibility, QRE Timeline for Barn HTC

Tuesday, April 20, 2021 - 12:00PM

A bill introduced in the New York Assembly would extend the period of expenses eligible for the state’s historic tax credit (HTC) for barns and change the date by which the barn was required to have been built to be eligible. A. 6947 would make qualified rehabilitation expenditures (QREs) made within five years immediately preceding the year in which the HTC is applied eligible for the 25% credit. It also would change eligibility for the credit to barns built in 1945 and earlier from the current requirement of 1936 and earlier.

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