Recent News

Friday, January 17, 2020

The annual cap for the Illinois state historic tax credit (HTC) would increase to $45 million, under a bill introduced to the state General Assembly. H.B. 4054 would increase the cap from $15 million. The Illinois HTC is for 25 percent of qualified rehabilitation expenses.

Friday, January 17, 2020

Legislation introduced in the Missouri Senate would change provisions of the state historic tax credit (HTC), including requiring a $5 million allocation of HTCs for historic county courthouses, changing eligibility of properties in qualified census tracts and instituting an HTC cap for specific transactions. S.B.

Friday, January 17, 2020

New York state historic tax credits (HTCs) would be transferrable under legislation introduced in the state Assembly. A. 8491 would amend state law to allow the partial or full transfer of HTCs and would apply to taxable years beginning on or after Jan. 1, 2020.

Friday, January 17, 2020

A bill introduced in the Virginia House of Representatives would increase the transaction cap for the state historic tax credit (HTC) from $5 million to $10 million. H.B. 1156 would be effective Jan. 1, 2020, and would include amounts carried over from prior taxable years. The Virginia state HTC is for 25 percent of qualified rehabilitation expenses.

Friday, January 17, 2020

A bill was pre-filed in the New Jersey state Senate to create 25 percent state historic tax credits (HTCs) for homeowners and business owners. S. 412 would create a business owner HTC that would be taken against the corporation business tax or insurance premium tax liabilities.

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