2012 Was an Active Year for State Historic Tax Credits

Published by Michael Novogradac on Thursday, November 15, 2012 - 12:00am

According to the National Parks Service (NPS), more than 48 percent of completed rehabilitation projects that received certifications from NPS in 2011 also utilized state historic tax credits (HTCs).

When Pennsylvania enacted a state HTC program in July, it became the 34th state to offer state-level tax incentives for rehabilitating historic buildings.

Several other states updated their HTCs in 2012 as well, including:

  • Massachusetts
  • Ohio
  • Iowa
  • Missouri
  • Virginia
  • Indiana

The December 2012 issue of the Novogradac Journal of Tax Credits will feature a summary of these changes. And in the meantime, visit www.historictaxcredits.com for more information about state historic tax credits.