State HTC Program Descriptions

Legend

 Historic Tax Credit Program Enacted
 Historic Tax Credit Program Proposed
 No Current Historic Tax Credit Program

The links in the map above take users to the program descriptions below, which is maintained by Novogradac & Company. We will update this list as new information becomes available. If you would like to correct or update the information listed above please email [email protected].

 

Alabama

ProgramAlabama Historic Rehabilitation Tax Credit
Administering AgencyAlabama Historical Commission
Enacting LegislationH.B. 345 (Enacted May 24, 2019)
Amending Legislation 
Related Statutes810-3-137-.02
ApplicationPart A: Evaluation of Program Eligibility; Part B: Description of Rehabilitation; Part C: Request for Certification of Completed Work; Instructions; Continuation Sheet; Eligibility Form; Amendment Form
Application Process

The state tax credit application is a three-step process:

  1. The AHC provides technical assistance on application procedures, appropriate rehabilitation work, and will visit properties as needed.
  2. The AHC will recommend qualifying projects to the Historic Tax Credit Evaluating Committee who will rank projects in the order they are to receive tax credit reservations.
  3. Applicants must report progress of the project at 18 months and 36 months of receiving the reservation, and the project must be complete within 60 months.

At the end of a project, owners submit a final application providing information on the completed project. If work complies with the Standards and all other requirements are met, the AHC issues a Tax Credit Certificate.

Annual State Cap

$20 million in tax credits are available each tax year from 2018 to 2022.

No more than $100 million in total credits before Dec. 31, 2022.

For the first six months of each calendar year, 40% of the $20 million will be set aside for projects located in counties with less than 175,000 population. After six months, any of those funds remaining will be available for any project.

Transaction Cap

$50,000 for residential homes.

Credit Description

25 percent refundable tax credit available for private homeowners and owners of commercial properties who substantially rehabilitate historic properties that are listed in or eligible for the National Register of Historic Places and are 60 years old or older.

60 years or are historic building in national monument or national park.

40 percent of credits reserved for counties with 175,000 or fewer people. 

How to Claim the CreditCredits are issued once a project is complete and the Part C application has been approved.
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)Same as federal credit.
RecaptureSame as federal credit.
Related Documents

 Alabama Historical Commission Administrative CodeRule 810-3-137-.01; Rule 810-3-137-.03

Other Information 

Owners claim the tax credit in the tax year in which the building is placed in service. The credit is transferable only one time. Any unused portion of the tax credit is refundable.

Eligible costs must exceed 50 percent of the owner’s original purchase price or $25,000, whichever is greater.

Those receiving a reservation have up to 5 years to complete the project and take the tax credit.

Program Sunset DateDec. 31, 2022
Novogradac ContactBrad Elphick

State Contact

 

Taylor Stewart
Alabama Historical Commission
334-230-2643
[email protected]

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Arkansas

ProgramArkansas Historic Rehabilitation Income Tax Credit
Administering AgencyArkansas Historic Preservation Program
Enacting LegislationH.B. 1953 (Enacted March 13, 2009); H.B. 1493 (Enacted March 14, 2019)
Amending LegislationS. 570 (Enacted March 24, 2015), S.B. 253 (Enacted March 7, 2019)
Related StatutesArkansas Code Section 26-51-2201, Arkansas Code Section 26-51-2204
ApplicationProperty owners should contact the Arkansas Historic Preservation Program for application materials before beginning a historic rehabilitation project.
Application ProcessThe state tax credit application and certification process is a three-part process. Part 1, certification that a property is a certified historic property. Part 2, photo documentation and proposed plans for the project. Part 3, the documented results of the completed project.
Annual State Cap$4 million
Transaction Cap

Income-producing properties that start before July 1, 2017, can claim a 25 percent credit on up to $500,000 in qualified rehabilitation expenses.

Income-producing properties that start July 1, 2017 or later can claim a 25 percent credit on up to $1.6 million in qualified rehabilitation expenses.

Non-income producing properties can claim a 25 percent credit on up to $100,000 in tax credits.

Credit only allowed one time for each eligible property in a 24-month period.

Credit Description25 percent of certified rehabilitation expenditures, or “the total of appropriate and approved rehabilitation work on an eligible property that results in a substantial rehabilitation of an eligible property.”
How to Claim the CreditAttach a copy of the Certificate of Tax credit issued by Department of Arkansas Heritage to your tax return. Can be carried forward five years.
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)Five years
RecaptureSame as federal
Related Documents

Arkansas State Rehabilitation Tax Credit FAQArkansas Historic Rehabilitation Tax Credit BrochureArkansas State Tax Credit Program Rules Draft with 2015 legislative changes 

Other Information 

Applications are prioritized by the following selection criteria:

  1. Result in the creation of a new business;
  2. Result in the expansion of an existing business;
  3. Establish or contribute to the establishment of a tourism attraction as defined by the Department of Parks and Tourism;
  4. Contribute to the revitalization of a specific business district
  5. Be a key property in the revitalization of a specific neighborhood.
Program Sunset DateDec. 31, 2027
Novogradac ContactBrad Elphick

State Contact

 

Arkansas Historic Preservation Program
[email protected]
(501) 324-9880

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Colorado

ProgramColorado Job Creation Main Street Revitalization Act
Administering AgencyHistory Colorado 
Enacting LegislationH.B. 14-1311 (Enacted May 14, 2014)
Amending LegislationH.B. 08-1033 (Enacted June 5, 2008) ; H.B. 15-1307 (Enacted May 22, 2015); HB-1190 (Enacted May 30, 2018)
Related Statutes

Colorado 8 CCR 1504-10: Income Tax Credit for Qualified Costs Incurred in Preservation of Qualified Residential Structures (March 17, 2019)

Application

In connection with the reservation of tax credits for qualified commercial structures, changes the existing requirements under which the Colorado office of economic opportunity (office) uses a lottery process to determine the order in which it will review applications and plans received on the same day to a process under which the office must date and timestamp each application and review a plan and application on the basis of the order in which such documents were submitted.

Application ProcessIf both the federal credit and the state credit are applied for, only a federal application needs to be filled out.
Annual State Cap$10 million
Transaction Cap

$1 million

Credit Description

25% credit against individual and corporate taxes for owners and long-term qualified lessees for first $2 million in Qualified Rehabilitation Expenses (QREs) and 20% on the remaining QREs for commercial properties.  

Credit goes to 30% in a designated disaster area and starting in 2020 goes to 35% for projects in defined “rural” communities under 50,000 in population.

50% of credits to be awarded to projects with QREs less than $2 million; 50% of credits to go to projects with QREs of $2 million and above.

How to Claim the CreditCertified Local Governments or History Colorado will send you a verification certificate. Attach this to your Colorado state income tax return.
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward 10 years. (Five years)
RecaptureSame as federal
Related Documents 
Other Information

20 percent credit for qualifying residential properties and 30% starting in 2020 for communities under 50,000 in population. No aggregate statewide dollar cap, but per project cap of $50,000 per year.

Program Sunset DateDec. 31, 2029
Novogradac ContactMike Morrison
State Contact

Office of Archaeology and Historic Preservation
(303) 866-3392
[email protected]

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Connecticut

ProgramConnecticut State Historic Rehabilitation Tax Credit
Administering AgencyConnecticut Department of Economic and Community Development Offices of Culture and Tourism
Enacting LegislationPublic Act No. 07-250
Amending LegislationPublic Act No. 11-48;  Public Act No. 14-217; Public Act No. 06-159; Public Act No. 99-173
Related StatutesConnecticut General Statutes Section 10-41b
ApplicationPart 1, Part 2, Part 2 Amendment, Part 3, Part 4, Part 5, Program Guidelines and Application Instructions, Fee Payment Form
Application ProcessThere is a five-step application process administered by the Connecticut State Historic Preservation Office.
Annual State Cap$31.7 million in tax credit reservations are available each year.
Transaction Cap

$4 million

Credit Description

The credit is equal to 25 percent of total qualified rehabilitation expenditures, which include residential use of five units or more, mixed residential and nonresidential use or nonresidential use consistent with the historic character of such property or the district in which such property is located. The credit goes up to 30 percent if the project includes an affordable housing component provided at least 20 percent of the rental units or 10 percent of for sale units qualify under CGS Section 839a.

How to Claim the Credit

Use Form CT1120-HP

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward five years. (Not applicable.)
RecaptureIf the residential portion of a mixed residential and nonresidential rehabilitation is not completed within the scheduled time frame 100 percent of the tax credit is recaptured.
Related DocumentsNot Applicable
Other Information 

Tax credits can be assigned, transferred or conveyed in whole or in part by the owner to others up to three times.

Program Sunset DateNot Applicable
Novogradac ContactCharlie Rhuda
State Contact

Julie Carmelich
(860)-256-2762
[email protected]

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Connecticut

ProgramConnecticut Historic Structures Rehabilitation Tax Credit
Administering AgencyConnecticut Department of Economic and Community Development Offices of Culture and Tourism
Enacting LegislationPublic Act No. 99-173
Amending LegislationPublic Act No. 06-159
Related StatutesConnecticut General Statutes Section 10-41a
ApplicationPart 1, Part 2, Part 2 Amendment, Part 3, Part 4, Part 5, Application Instructions
Application ProcessThere is a five step application process administered by the Connecticut State Historic Preservation Office.
Annual State Cap$15 million in tax credit reservations are available in three year cycles
Transaction Cap$2.7 million in tax credits.

 

Credit Description

The state will allocate a 25 percent tax credit for total qualified expenditures for conversion of historic commercial, industrial, institutional, former government buildings, cultural building, or residential property of more than four units to residential use, including rental or condominium units.

How to Claim the CreditUse Form CT-1120HS
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward five years. (Not applicable.)
RecaptureNot applicable.
Related DocumentsSpecial Instructions for Phased Projects, Adopted Regulations 
Other Information

Tax credits can only be used by C corporations with tax liability under Chapters 207 through 212 of the Connecticut General Statutes.

Program Sunset DateNot applicable
Novogradac ContactCharlie Rhuda
State Contact

Julie Carmelich
(860)-256-2762

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Delaware

ProgramDelaware Historic Preservation Tax Credit Program
Administering AgencyDelaware Division of Historical and Cultural Affairs
Enacting LegislationH.B. 1
Amending LegislationS.B. 209; S.B. 191; HB 475
Related StatutesChapter 18, Title 30 of the Delaware Code
ApplicationPart 1, Part 2, Part 3, Application Instructions, Application Continuation Amendment Sheet
Application ProcessApply for the state credit and federal credit separately.
Annual State Cap$5 million
Transaction Cap

20 percent of qualified expenditures for income producing buildings, residential buildings and an additional 10 percent for low-income housing developments.

30 percent for all other historic buildings

Credit Description

20 percent credit for properties eligible for federal HTC; a 30 percent credit for homeowners and nonprofits; 100 percent credit for resident curatorship properties.

How to Claim the Credit

 

Form 700 Delaware Income Tax Credit ScheduleForm 1811AC 0905 Computation Schedule for Claiming Delaware Historic Preservation Tax Credits

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit may be carried forward 10 years. (Not available.)
RecaptureSame as federal
Related Documents

Historic Preservation Tax Credit Program Guidance; Request for AwardHistoric Preservation Tax Credit Program Statistics

Other Information

The structure must be substantially rehabilitated, meaning that the qualified expenditures must exceed the greater of $5,000 or the adjusted basis of the building (adjusted basis: cost of the property minus cost of the land, plus any capital improvements already made, minus any depreciation already taken). Generally, this expenditure test must be met within a 24-month period. An applicant can only claim the amount of tax credits that is supported based on actually incurred rehabilitation costs, even if assigned a higher credit award initially.

 The credit may be transferred in whole or in part at any time during the 10-year period. Property owners without tax liability, such as nonprofits or local governments, can take part in the program.

Program Sunset Date2020
Novogradac ContactCharlie Rhuda
State Contact

Joan Larrivee
Historic Tax Credit Program Coordinator
Division of Historical and Cultural Affairs
Phone: (302)736-7406

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Georgia

ProgramGeorgia Income Tax Credit Program for Rehabilitated Historic Property Program
Administering AgencyGeorgia Department of Natural Resources Historic Preservation Division
Enacting Legislation

H.B. 1441

Amending LegislationH.B. 308FAQs Regarding H.B. 308 Changes
Related StatutesGeorgia Statutes and Codes Section 48-7-29.8; Georgia Dept. of Revenue Income Tax Division Chapter 560-7-8-.56
ApplicationPart A, Part B, Application Instructions, State Amendment Application Form
Application ProcessApply for the state credit and federal credit separately. Before claiming credits, taxpayer must submit an application to the Georgia Department of Revenue for preapproval of credits. This application must include precertification from the Georgia Department of Natural Resources certifying that improvements to the certified structure are consistent with the department’s standards of rehabilitation. Qualified rehabilitation expenditures may only be counted once in determining the amount of tax credits, and only one entity may claim credits for qualified rehabilitation expenditures associated with an individual project.
Annual State Cap

Homeowner projects and commercial projects under $300,000 in credits are exempt from annual aggregate cap of $25 million.

Additional 5 percent credit for residence located in a HUD target area.

Transaction Cap$5 million; $10 million in cases where a project creates 200 or more full-time, permanent jobs or $5 million in annual payroll within two years of the placed in service date. $100,000 cap on credits received for rehabilitation of historic homes.
Credit Description25 percent of qualified expenditures
How to Claim the CreditUse Form IT-RHC
Bifurcated from Federal HTC?No
Credit Period (Compliance)The credit may be carried forward 10 years. (5 years.)
RecaptureNot applicable
Related Documents

Photo-Documentation for Rehabilitation of Historic Properties, DNR Standards for Rehabilitation, Georgia Register of Historic Places, State Preferential Property Tax Assessment Program for Rehabilitated Historic Property, Substantial Rehabilitation Worksheet; Proposed Rule 560-7-8-.56 Historic Rehabilitation Tax Credit

Other Information

Credits earned by a taxpayer but not used by taxpayer against its income tax may be transferred or sold to another Georgia taxpayer. Credits cannot have been previously sold or purchased. Seller and buyer of credits must jointly submit written notice of sale to the Georgia Department of Natural Resources no later than 30 days after the date of sale.

Taxpayers claiming credits must report the average full-time employees employed by the certified structure to the Georgia Department of Natural Resources. These reports must be submitted annually for five years following the year the credits are claimed.

Program Sunset DateDec. 31, 2021
Novogradac ContactBrad Elphick
State Contact


Rachel Rice, Tax Incentives Program Manager
[email protected]

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Indiana

ProgramResidential Historic Rehabilitation Credit
Administering Agency 
Enacting Legislation

H 1578

Amending Legislation 
Related Statutes 
Application 
Application Process 
Annual State Cap

 

The amount of tax credits allowed under this chapter may not exceed $250,000 in a state fiscal year beginning July 1, 2001, or thereafter.

Transaction Cap 
Credit Description

The tax credit is equal to 20 percent of the qualified expenditures that the taxpayer makes for the preservation or rehabilitation of the historic property.

The qualified expenditures for preservation or rehabilitation of the historic property must exceed $10,000.

How to Claim the Credit 
Bifurcated from Federal HTC? 
Credit Period (Compliance)5 years
Recapture 
Related Documents

 

Other Information

 

Program Sunset Date 
Novogradac Contact 
State Contact

Indiana Department of Natural Resources
317.234.7034

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Illinois

ProgramIllinois Historic Preservation Tax Credit Program
Administering AgencyDepartment of Natural Resources (per H 5686)
Enacting LegislationPublic Act 097-0203
Amending LegislationS.B. 1488; S.B. 1783
Related StatutesNot Applicable
ApplicationPart A, Part B, Part C
Application Process

To obtain the credit, an application must be made to the Department of Commerce and Economic Opportunity.

 Applicants must submit one completed ITR-1 Form to the Illinois Department of Revenue

Annual State CapNot Applicable
Transaction CapNot Applicable
Credit Description

25 percent of qualified expenditures 

How to Claim the CreditUse Schedule 1299-D
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit may be carried forward for up to 10 years.
RecaptureNot Applicable
Related DocumentsITR-1 Request for Tax Clearance; Report: Economic Development Opportunities from an Illinois Historic Tax Credit (2014) 
Other Information

In order to qualify for the program, the following five qualifications must be met:

  • The structure must be located within the River Edge Redevelopment Zone
  • The structure must be certified as historic by meeting one of the following three criteria:
  1. Listed individually on the National Register of Historic Places
  2. Be a contributing building within a National Register historic district
  3. Be a contributing building within a local historic district that has been certified by the National Park Services for purpose of taking federal tax credits
  • Qualified rehabilitation expenditures must exceed $5,000 or more and 50 percent of the purchase price of the property.
  • The structure must be income producing.
  • The qualified taxpayer/historic structure owner must be in good standing with the Illinois Department of Revenue.

The tax credit cannot be sold or transferred.

Program Sunset DateDec. 31, 2021
Novogradac ContactThomas Boccia
State Contact

Department of Commerce and Economic Opportunity
(217) 557-0513
[email protected]  

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Illinois

ProgramBicentennial Mississippi River Region Redevelopment Historic Tax Credit Act
Administering AgencyIllinois Historic Preservation Agency
Proposed LegislationHB 5730
Amending LegislationNot Applicable
Related StatutesIT 18-0001-PLR - River Edge Redevelopment Zone credit may not be transferred
ApplicationTo obtain a tax credit pursuant to this Act, an application must be made to the Department no later than 6 months after the effective date of this Act
Application Process

Not Available

Annual State Cap$15 million
Transaction Cap$3 million
Credit Description

 For tax years beginning on or after January 1, 2019 and ending on or before December 31, 2029, a taxpayer who qualifies for a credit under the Bicentennial Mississippi River Region Redevelopment Historic Tax Credit Act is entitled to a credit against the taxes imposed under subsections (a) and (b) of Section 201 of this Act as provided in that Act.

To the extent authorized by this Act, for taxable years beginning on or after January 1, 2019 and ending on or before December 31, 2029, there shall be allowed a tax credit against the tax imposed by subsections (a) and (b) of Section 201 of the Illinois Income Tax Act in an 8 amount equal to 25 percent of qualified expenditures incurred by a qualified taxpayer during the taxable year in the restoration and preservation of a qualified historic structure pursuant to a qualified rehabilitation plan, provided that the total amount of such expenditures (i) must equal $5,000 or more, and (ii) must exceed 50 percent of the purchase price of the property. 

How to Claim the CreditUpon completion and review of the project, the Department shall issue a certificate in the amount of the eligible credits. At the time the certificate is issued, an issuance fee up to the maximum amount of 2 percent of the amount of the credits issued by the certificate may be collected from the applicant to administer the Act. If collected, this issuance fee shall be evenly divided between the Department and the Division. The taxpayer must attach the certificate to the tax return on which the credits are to be claimed. 
Bifurcated from Federal HTC?Not Available
Credit Period (Compliance)Unused credit amounts claimed by the assignee may be carried forward for up to 10 years or carried back for up to 3 years, except that all credits must be claimed within 10 years after the tax year in which the qualified rehabilitation plan was first placed into service and may not be carried back to a tax year prior to the tax year in which the credit was issued. 
RecaptureIf credits that have been transferred are subsequently reduced, adjusted, or recaptured, in whole or in part, by the Department, the Department of Revenue, or any other applicable government agency, only the original qualified taxpayer that was awarded the credits, and not any subsequent assignee of the credits, shall be held liable to repay any amount of such reduction, adjustment, or recapture of the credits.
Related DocumentsNot Available
Other Information

 

Credits may be allocated among partners of a syndication partnership.

Program Sunset DateDec. 31, 2023
Novogradac ContactThomas Boccia
State Contact

Department of Commerce and Economic Opportunity
(217) 557-0513
[email protected]  

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Iowa

ProgramIowa Historic Preservation and Cultural & Entertainment District Tax Credit Program
Administering AgencyIowa Department of Cultural Affairs
Enacting LegislationH.F. 2650
Amending LegislationS.F. 436; H.F. 2453; H.F. 2465;  S.F. 521; H.F. 2453
Related StatutesIowa Code Section 404A, Iowa Code Section 223-48, Iowa Code Section 701-52.18, Iowa Code Section 701-52.47
Application

Part 1, Part 1.5 Pre-application Meeting, Part 2, Part 2B Registration, Agreement, Part 3Continuation Amendment Sheet

Apply through the Iowa Tax Credit Award, Claim and Transfer Administration System
Application Process

Apply for the state and federal credit separately. Applications for projects with QREs of more than $750,000 are only accepted during the registration period. Applications for projects with QREs of less than $750,000 are accepted year round.

State HTC instructions
Annual State Cap$45 million. Allocation of credits: 5 percent of credits for projects with less than $750,000 in QREs.
Transaction CapNot Applicable
Credit Description25 percent refundable credit for qualified expenditures. Qualified rehabilitation expenditures do not include expenditures financed by federal, state, or local government loans unless otherwise allowed under Section 47 of the Internal Revenue Code.
How to Claim the CreditUse IA-148 Tax Credits Schedule
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)

At the election of the taxpayer, the credit may be claimed as a nonrefundable tax credit and carried forward up to five years, or until depleted or, in the case of a refundable credit, carried forward as an overpayment. (Not applicable.)

RecaptureTax credits are recaptured if part three of the application is not approved because the rehabilitation work is found to be inconsistent with the historic character of the property or the district in which it is located and the applicant is unwilling or unable to correct the work accordingly.
Related DocumentsDisaster Certification Form, Instructions for Survey Form,  Survey FormPhoto Key Example, Administrative Rules 2015, 2013 QRC Schedule2013 Guidance Memorandum for QRC Schedule
Other InformationThe application process allocates tax credits to projects that are shovel-ready and have their financing stack in order.
Program Sunset DateNot Applicable
Novogradac ContactMichael Kressig
State Contact

State Historic Preservation Office of Iowa (SHPO)

Kristen Vander Molen, Grants Manager
[email protected]

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Kansas

ProgramKansas Historic Rehabilitation Tax Credit Program
Administering AgencyKansas Historical Society
Enacting LegislationH.B. 2560
Amending LegislationS.B. 430
Related StatutesKansas Statutes Section 79-32,211
ApplicationPart 1, Part 2, Part 3, Amendment Form, Application Processing Fee, Application Instructions
Application ProcessApply for state credits and federal credits separately.
Annual State CapNot Applicable
Transaction CapNot Applicable
Credit Description25 percent of qualifying expenditures incurred during a qualified project on a qualified building. Credit is 30 percent for nonprofits.
How to Claim the CreditUse Form K-35
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit may be carried forward 10 years. (Not available.)
RecaptureNot available
Related DocumentsInstructions on Completing Kansas Department of Revenue Schedules I and II, Kansas Department of Revenue Schedules I and II Checklist, Kansas Department of Revenue Schedules I and II 
Other InformationProject expenses must exceed $5,000. Smaller projects may be combined in order to exceed the minimum requirement.
Program Sunset DateNot Applicable
Novogradac ContactMichael Kressig
State Contact

Kansas State Historic Preservation  Office
(785) 272-8681, ext. 240

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Kentucky

ProgramKentucky Historic Preservation Tax Credit Program
Administering AgencyKentucky Heritage Council State Historic Preservation Office
Enacting LegislationH.B. 272
Amending LegislationNot Applicable
Related StatutesKentucky Revised Statutes Section 141.382, Administrative Regulations 300 KAR 6:010
ApplicationPart 0Part 1, Part 2, Part 3, Part 4Continuation Amendment Form
Application ProcessApply for state credits and federal credits separately. Applications are accepted year-round. Credits are allocated to approved Part 2 projects received by April 29 of each year.
Annual State Cap$5 Million
Transaction Cap$400,000
Credit Description

30 percent of qualified rehabilitation expenses is offered as a state tax credit for owner-occupied residential properties. A minimum investment of $20,000 is required, with the total credit not to exceed $60,000

20 percent of qualified rehabilitation expenses is available for all other properties, requiring a minimum investment of $20,000 or the adjusted basis, whichever is greater. The total credit for a project must not exceed $400,000

How to Claim the CreditAttach the election of credit form to your Kentucky tax returns.
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit is refundable. (Not applicable.)
RecaptureNot Applicable
Related DocumentsKentucky Historic Preservation Tax Credit Instructions and Guidelines, Election of Credit Form, Summary of Investment Form 
Other Information

Requires a minimum investment of $20,000 or the adjusted basis, whichever is greater. 

All credits are subject to proportional reduction if the value of credits claimed exceeds the annual aggregate cap.

Program Sunset DateNot Applicable
Novogradac ContactBrad Elphick
State Contact

Mike Radeke
Restoration Project Manager
(502) 564-7005, Ext. 141

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Louisiana

ProgramLouisiana Commercial Tax Credit Program
Administering Agency

Louisiana Office of Lieutenant Governor Department of Culture, Recreation and Tourism, Division of Historic Preservation

Enacting LegislationH.B. 359
Amending LegislationH.B. 630; H.B. 824; H.B. 387
Related StatutesLAC: 61:I.1917; Revised Statutes of Louisiana 47-6019
ApplicationPart 1 - Certification of Contributing StatusPart 2 - Proposed Work Description; Part 3 - Request for Project CertificationFee Payment InformationContinuation SheetAmendment Sheet
Application ProcessApplication Procedure. 1. Initial Determination of Eligibility by the SHPO a. The SHPO determines whether the structure, before and after the work is performed, qualifies as contributing to the historical significance of the district. Specifically, the SHPO determines whether work was performed on an eligible structure and whether such work performed was SOI-compliant. A project is determined to be a certified rehabilitation if the building itself meets eligibility requirements and the work is SOI-compliant. b. The SHPO makes a determination as to whether a project is determined to be a certified rehabilitation through a three-part application process administered by an architectural historian. i. In Part 1, the SHPO certifies whether the structure is eligible for the Program. ii. In Part 2, the SHPO certifies whether the work, as proposed by the applicant, is SOI-compliant. iii. In Part 3, the SHPO confirms that the actual work performed by the applicant was indeed SOI-compliant. c. If the project is determined by SHPO to be a certified rehabilitation, the SHPO shall provide to the applicant, with copies to the Department, an approved “Part 3-Request for Certification of Completed Work”, and an executed Section 1 of Form R-6121B.
Annual State Cap$5 million
Transaction CapNo taxpayer, or any entity affiliated with such taxpayer, shall claim more than $5 million of credit annually for any number of structures rehabilitated with a particular downtown development or cultural district
Credit Description25 percent of the eligible costs and expenses of the rehabilitation incurred prior to Jan. 1, 2018, and 20 percent of the eligible costs and expenses of the rehabilitation incurred on or after Jan. 1, 2018.
How to Claim the CreditAttach a copy the approved Part 3 application, signed and dated by the Division of Historic Preservation, a copy of the transfer documents, if applicable, and a schedule showing the remaining tax credit balance of the owner/transferee and the amount to be applied against the owner/transferee’s tax liability for the current year to your state income tax returns.
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward five years. (Five years.)
RecaptureNot Available
Related DocumentsAn Illustrated Guide to Completing the State Commercial Tax Credit, Claim and Transfer of Credit, Commercial Tax Credit Regulations 
Other InformationPersons who are awarded tax credits may elect to sell their unused tax credits to one or more individuals or entities. The tax credits may be transferred or sold by a taxpayer or any subsequent transferee an unlimited number of times.
Program Sunset DateDec. 31, 2021
Novogradac ContactMichael Kressig
State Contact

Nicole Hobson-Morris
(225) 342-8172

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Maine

Program 
Administering Agency 
Enacting Legislation

 

Amending Legislation 
Related Statutes 
Application 
Application Process 
Annual State Cap

 

Not Applicable

Transaction Cap$5 million for each building that is a certified historic structure and placed in service per year
Credit Description

25 percent credit if the property qualifies for the 20 percent federal credit and 25 percent if taxpayer does not claim the federal credit and incurs between $50,000 and $250,000 in qualified expenses.

Credit must be taken in 4 equal installments with first year being year property is placed into service.

How to Claim the Credit 
Bifurcated from Federal HTC? 
Credit Period (Compliance)3 years
Recapture 
Related Documents

 

Other Information

 

Program Sunset DateDec. 31, 2023
Novogradac Contact 
State Contact

Maine Historic Preservation Commission
207.287.2132

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Maryland

ProgramMaryland Heritage Structure Rehabilitation Tax Credit Program
Administering AgencyDepartment of Planning, Maryland Historical Trust
Enacting LegislationH.B. 1196
Amending Legislation

 2018 Proposed Changes (Effective Feb. 12, 2018)

Related StatutesMaryland State Finance And Procurement Code Section 5A-303
ApplicationApplication InstructionsPart 1Part 2Part 3, Amendment Form
Application ProcessApply to the federal and state credits separately.
Annual State CapNot Applicable
Transaction Cap

Commercial - $3 million

Small commercial and owner-occupied - $50,000

Credit Description

Additional 5 percent credit for that have received an allocated Low Income Housing Tax Credit

Set aside of $4 million for small commercial projects with $500,000 or less in QREs and more than 75% residential rental.

No more than 60 percent of funds available for commercial projects in any year may go to any single jurisdiction.

How to Claim the CreditUse Form 502CR
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)Not Applicable
RecaptureNot Applicable
Other InformationNot Applicable
Related DocumentsAffordable and Workforce Housing Worksheet, Commercial Tax Credit Eligibility Flowchart, Commercial Tax Credit FAQ, Commercial Tax Credit Instructions, Commercial Tax Credit Summary Sheet, Commercial Tax Credit Worksheet
Program Sunset Date2022
Novogradac ContactThomas Boccia
State Contact

Collin Ingraham
Administrator of the Tax Credit Program
(410) 514-7671

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Massachusetts

ProgramMassachusetts Historic Rehabilitation Tax Credit Program
Administering AgencyMassachusetts Offices of the Secretary of the Commonwealth
Enacting LegislationH.B. 2987
Amending LegislationNot applicable
Related StatutesMassachusetts General Laws Part I, Title IX, Chapter 63, Section 38R
ApplicationApplication InstructionsPart 1, Part 2, Part 3
Application ProcessApply for the federal and state credits separately.
Annual State Cap$55 million
Transaction CapNot Available
Credit Description25 percent of credits set aside for projects with affordable housing.
How to Claim the CreditNot Available
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)

Same as federal

Taxpayers may carry over credits for any of the succeeding five taxable years.
RecaptureRecapture is required if the taxpayer disposes of its interest in the structure before the end of the five year period beginning on the date on which the qualified historic structure received final certification and was placed in service, the taxpayer disposes of the taxpayer’s interest in the structure. The recapture amount is the credit taken or transferred by the taxpayer minus the credit allowed for ownership.
Related Documents

New Requirement for State HTC Applications; Historic Rehabilitation Tax Credit Phased In Projects; Continuation Amendment Sheet; Massachusetts Historic Rehabilitation Tax Credit Final Regulations; MHC HRC Questionnaire Attachment; MHC HRC Questionnaire Instructions; TIR 15-6 Historic Rehabilitation Tax Credit-Transferring Awards; Multi-Phased Projects and Recapture; Advanced Training Presentation (April 8, 2016)

Other Information 

At least 25 percent of the tax credits shall be allowed to developments that contain affordable housing whenever possible and consistent with the criteria.

10 percent of the tax credits awarded annually shall be dedicated to forward-year funding.

Any taxpayer, allowed to take the historic rehabilitation credit may transfer the credit, in whole or in part, to any individual or entity, without the requirement of transferring any ownership interest in the project or any interest in the entity which owns the project.

The Massachusetts state HTC is still considered by the legislature and governor to be a pilot program, which will expire in 2022.

Program Sunset DateDec. 31, 2022
Novogradac ContactThomas Boccia 
State Contact

Massachusetts Historical Commission
(617) 727-8470

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Michigan

Program 
Administering Agency 
Proposed LegislationSB 469; HB 5178
Amending Legislation 
Related Statutes 
Application 
Application ProcessThe taxpayer shall apply to and receive from the Michigan State Housing Authority that he historic significance, the rehabilitation plan and the completed rehabilitation of the historic resource meet the criteria.
Annual State Cap 
Transaction Cap

 

Credit DescriptionThe credit shall be 25 percent of the qualified expenditures.
How to Claim the CreditA qualified taxpayer may claim a portion of a credit and assign the remaining amount. If the qualified taxpayer both claims and assigns portions of the credit, the qualified taxpayer shall claim the portion it claims in the tax year in which a certificate of completed rehabilitation is issued.
Bifurcated from Federal HTC? 
Credit Period (Compliance)5 years
RecaptureRecapture provisions will be enacted if the new owner sells or disposes of the property within five years after the new owner acquired the property.
Related Documents

 

Other Information 

Qualified property after Dec. 31, 2017

If the credit allowed for the tax year and an unused carryforward of the credit allowed exceeds the taxpayer’s tax liability for the tax year, that portion that exceeds the tax liability for the tax year shall not be refunded but may be carried forward to offset tax liability in subsequent tax years for 10 years or until used up, whichever occurs first. If the credit amount is less than $250,000, a qualified taxpayer may elect to forgo the carryover period and receive a refund of the amount of the credit that exceeds the qualified taxpayer’s tax liability. The amount of the refund shall be equal to 90 percent of the amount of the credit that exceeds the qualified taxpayer’s tax liability. An election under this subsection shall be made in the year that a certificate of completed rehabilitation is issued and shall be irrevocable.

Program Sunset Date 
Novogradac Contact 

State Contact

 

 

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Minnesota

ProgramMinnesota Historic Structure Rehabilitation Tax Credit
Administering AgencyMinnesota Historical Society
Enacting LegislationH.F. 2695
Amending LegislationH.F. 677
Related StatutesMinnesota Statutes Section 290.0681
ApplicationPart A of the Minnesota Application, Part B of the Minnesota Application, Instructions for completing the Minnesota Application
Application ProcessApply for the state and the federal credit together.
Annual State CapNot applicable
Transaction CapNot applicable
Credit DescriptionThe state offers either a refundable credit worth 100 percent of the federal credit or a grant worth 90 percent of the federal credit for qualified rehabilitation projects.
How to Claim the CreditUse Form M4 and Schedule KPC
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)Not applicable
RecaptureNot available
Other Information

Not applicable

Related DocumentsBrochure, General Information, Instructions for completing the QRE Schedule, QRE Schedule for Parts A and B, Revenue Notice #12-06 Assignment of Credit Certificate, Historic Tax Credits What's the Big Deal About Small Deals Podcast, Tax Credits and the Power of Money Podcast
Program Sunset DateJune 30, 2021
State Contact

Natascha Wiener
Senior Design Reviewer

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Mississippi

ProgramMississippi Historic Tax Credit
Administering AgencyNot Applicable
Proposing LegislationH.B. 1314
Amending LegislationNot Applicable
Related StatutesNot Applicable
ApplicationNot Applicable
Application ProcessApply to Mississippi Department of Archives and History, which shall issue a certificate evidencing the eligible credit if the taxpayer is eligible.
Annual State Cap$12 million ($120 million in program history)
Transaction CapNot Available
Credit Description25 percent credit for rehabilitation expenses for properties with expense of more than $5,000 for owner-occupied dwelling or if rehabilitation costs exceed 50 percent of total basis in all other properties. 
How to Claim the Credit

Taxpayer shall attach certificate from Mississippi Department of Archives and History to all income tax returns on which it is claimed.

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)

Not Available

RecaptureIf property is not listed on National Register of Historic Places within 30 months of claiming the credit, its district isn’t listed on the National Register of Historic Places within 30 months or the rehabilitation is abandoned.
Related Documents

Not Available

Other Information 
  • If tax credit amount exceeds $250,000, taxpayer may elect to claim a refund in amount of 75 percent of the excess credit in lieu of a 10-year carryforward.
  • Taxpayers who were issued certificate of eligibility before July 1, 2016, but didn’t receive the credit due to previous program reaching limit on aggregate amount shall be given priority for tax credits awarded after July 1, 2016.
  • Nonprofits are ineligible for credit.
Program Sunset DateDec. 31, 2020
State Contact

Not Available

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Missouri

ProgramMissouri Historic Tax Credits
Administering AgencyMissouri Department of Natural Resources
Enacting LegislationS.B. 1
Amending LegislationS.B. 1099; H.B. 1865; SB 773
Related StatutesAmended 4 CSR 85-5.010, 5.020, 5.030, 5.040, 5.050, 5.060, 5.070, 5.080, 5.090, 5.100, and 5.110 (Oct. 1, 2019, Missouri Register); Amended Mo. Rev. Stat. §253.545; Amended Mo. Rev. Stat. §253.550Amended Mo. Rev. Stat. §253.559
ApplicationPreliminary Approval Form 1-Part 1A, Part 1B - (not required if Federal Part 2 is filed), Request for Additional CreditState Historic Preservation Tax Credit Continuation Amendment Sheet, Final Approval Application (Form 2)
Application ProcessIt is encouraged that owners and developers seeking both state and federal HTCs, apply concurrently.
Annual State Cap$90 million.
Transaction Cap$250,000 for non-income producing, single family, owner-occupied residential properties.  No transaction cap on other eligible projects.
Credit Description

Missouri provides a credit equal to 25 percent of approved costs associated with qualified rehabilitation.  The credit is available for income producing, for sale and owner occupied residential properties that are either individually listed on the National Register of Historic Places or are a contributing structure located in a certified historic district.

Projects with eligible costs less than $1.1 million are not subject to cap.

Additional $30 million in credits for areas with poverty rates of 20 percent or more. 

How to Claim the CreditUse Form MO-TC
Bifurcated from Federal HTC?Can be bifurcated or certificated
Credit Period (Compliance)The credits can be carried back three years and forward 10 years. 
RecaptureNot Applicable
Other InformationProjects subject to the cap are prioritized on first-come first serve basis; where applications received on same day, lottery will be held. Unfunded projects carry over into next funding round. Qualified expenditures must exceed 50 percent of total basis of the property.
Related DocumentsPreliminary Application and GuidelinesHistoric Expense Form, Historic Preservation Tax Credit Program Flier, Missouri Transfer Form
Program Sunset DateNot Applicable
Novogradac ContactMichael Kressig
State Contact

State Historic Preservation Office
(800) 361-4827
(573) 751-7858

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Montana

ProgramMontana Historic Rehabilitation Income Tax Credit Program
Administering AgencyMontana Historical Society
Enacting LegislationH.B. 619
Amending LegislationH.B. 631
Related StatutesMontana Code Section 15-31-151
ApplicationNot Applicable
Application ProcessThere is no application process for the state tax credit beyond the successful applicant’s own state income tax forms.
Annual State CapNot Applicable
Transaction CapNot Applicable
Credit DescriptionThe state tax credit is equal to 25 percent of the amount an owner claims under the federal program.
How to Claim the CreditUse Schedule V
Bifurcated from Federal HTC?No
Credit Period (Compliance)The credits can be carried forward seven years. (Not applicable.)
RecaptureNot Applicable
Related DocumentsMontana State Historic Tax Credits Information
Other InformationNot Applicable
Program Sunset DateNot Applicable
Novogradac ContactThomas Boccia
State Contact

Montana State Historic Preservation Office
(406) 444-7715

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Nebraska

ProgramNebraska Job Creation and  Mainstreet Revitalization Act
Administering AgencyNebraska State Historical Society
Enacting LegislationL.B. 191
Amending LegislationAmendment 707*Amendment 1918*
Related StatutesNot Available
ApplicationAvailable on Website 
Application Process

The application shall include plans and specifications, an estimate of the cost of the project prepared by a licensed architect, licensed engineer or licensed contractor and a request for a specific amount of credits based on such estimate. The officer shall review the application and, within 21 days after receiving the application, shall determine whether the information contained therein is complete. The officer shall notify the applicant in writing of the determination within five business days after making the determination.

NHTC Part 2 applications must be approved before work begins. 
Annual State Cap$15 Million
Transaction Cap$1 Million
Credit Description20 percent credit against income, deposit or premium tax for rehabilitation of historically significant real property except for a single-family residence. 

$4 million set aside for projects seeking less than $100,000 in credits. 

How to Claim the CreditOn state income tax form against income tax, financial institution tax or insurance premium tax.
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credits can be carried forward five years. (Five years.)
RecaptureSame as federal
Other Information

Not Applicable

Related DocumentsApplication Instructions; Tax Form 3800N
Program Sunset DateDec. 31, 2022
Novogradac ContactThomas Boccia
State Contact

Nebraska State Historic Preservation Office
[email protected]
(402) 471-4787

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New Mexico

ProgramNew Mexico Income Tax Credit for Registered Cultural Properties Program
Administering AgencyNew Mexico Department of Cultural Affairs, Historic Preservation Division
Enacting LegislationNew Mexico Cultural Properties Protection Act
Amending LegislationH.B. 606
Related StatutesNew Mexico Code 4-10.9
ApplicationApplication
Application ProcessApply separately for the state and federal credits.
Annual State CapNot Applicable
Transaction Cap

$25,000 outside an Arts and Cultural District

$50,000 located within an Arts and Cultural District
Credit DescriptionThe state tax credit is equal to 50 percent of qualified expenditures for all properties listed in the State Register Cultural Properties.
How to Claim the Credit

Individuals use Form PIT-4, and corporations use Form CIT-4

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credits can be carried forward four years. (Five years.)
RecaptureIn case of the removal of the property from the register by the committee because of unauthorized or improper alteration or preservation technique which destroys the significant qualities of the structure, or by reason of destruction or loss of the property, or for any other reason which makes a property ineligible for continued listing on the register, the division will inform the taxation and revenue department that no further credit may be claimed by that owner for that project.
 
Related DocumentsNew Mexico Tax and Loan Brochure, Regulations, State Tax Credit Guide    
Other Information

The State Cultural Properties Review Committee (CPRC) must approve the proposed rehabilitation prior to the beginning of the project.

 Carry forward: 4 years

Program Sunset DateNot Applicable
Novogradac ContactThomas Boccia
State Contact

Harvey Kaplan
Tax Credits & Architectural Review
(505) 827-3971

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New York

ProgramNew York Rehabilitation Tax Credit for Commercial Properties
Administering AgencyNew York State Historic Preservation Office
Enacting LegislationS.B. 8392
Amending LegislationA.B. 9023; S. 2609
Related StatutesLaws of New York Section 210-B-26
ApplicationNot Applicable
Application ProcessThere is no application form. After Part 3 of the federal application is approved by the National Park Service and, the state fees are paid, The New York State Office of Parks, Recreation and Historic Preservation will issue a certification allowing owners to take the state credit.
Annual State CapNot Applicable.
Transaction Cap

$5 Million

Credit Description20 percent of qualified expenditures for commercial properties located in a census tract with a median income at or below the State Family Median Income level, a Qualified Census Tract or  in a state Area of Chronic Economic Distress.
How to Claim the CreditUse Form CT-238 for corporations and Form IT-238 for all others.
Bifurcated from Federal HTC?No
Credit Period (Compliance)Credits can be carried forward indefinitely. (Five-year compliance period.)
RecaptureSame as federal
Other InformationThe credit is refundable for projects placed in service after 2015.
Related DocumentsDetermining Census Tract OnlineFinding the Census Tract Online, New York State Historic Properties Tax Credits Commercial and Homeowner Programs, New York State Historic Properties Tax Credits FAQ, Tax Credit Programs Comparison Chart 
Program Sunset DateDec. 31, 2019
Novogradac ContactCharlie Rhuda
State Contact

New York State Division for Historic Preservation
(518) 237-8643

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New York

ProgramNew York Historic Barn Rehabilitation Tax Credit
Administering AgencyNew York State Historic Preservation Office
Enacting LegislationFarmer's Protection and Farm Preservation Act
Amending Legislation 
Related Statutes 
ApplicationIT-212-ATT Claim for Historic Barn Rehabilitation Credit, Instructions Historic Barn Credit 
Application ProcessApply for the state credit and federal credit separately.  
Annual State CapNot Applicable
Transaction Cap

Not Applicable

Credit Description25 percent of the cost of rehabilitating historic barns that fulfill the following conditions: it must be a barn; it must meet the tax definition of income-producing; it must have been built or placed in agricultural service before 1936; the rehabilitation cannot "materially alter the historic appearance" of the barn; and only costs incurred after January 1, 2003 are eligible.
How to Claim the CreditUse Form CT-46-ATT for corporations and Form IT-212-ATT for all others.
Bifurcated from Federal HTC?No
Credit Period (Compliance)Can carry over the unused amount to the following 10 tax years, or, if  the claimant is the owner of a new business, may receive a refund.
RecaptureNot Applicable
Other InformationNot Applicable
Related DocumentsNot Applicable 
Program Sunset DateNot Applicable
Novogradac ContactCharlie Rhuda
State Contact

New York State Division for Historic Preservation
(518) 237-8643

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New York

ProgramNew York Historic Homeownership Rehabilitation Tax Credit  
Administernig AgencyNew York State Historic Preservation Office
Enacting LegislationS.B. 8392
Amending LegislationS.B. 6257
Related StatutesLaws of New York Section 210-B-26
ApplicationHomeowner Tax Credit Application Form
Application ProcessThese projects do not qualify for the federal credit; you must apply specifically to the state program. 
Annual State CapNot Applicable
Transaction Cap

$50,000

Credit DescriptionThe state offers an income tax credit equal to 20 percent of qualified rehabilitation costs for historic owner-occupied residential structures. Homes must be in eligible census tract and be on state or national Register of Historic Places or be a contributing building in a historic district listed on state or national Register of Historic Places.
How to Claim the CreditUse Form IT-237
Bifurcated from Federal HTC?No
Credit Period (Compliance)There is no carry forward. If the credit exceeds your income tax, and your adjusted gross income is under $60,000, the excess will be refunded.
RecaptureNot Applicable
Related DocumentsNew York State Historic Properties Tax Credits Commercial and Homeowner Programs, Tax Credit Programs Comparison Chart
Other InformationAt least $5 million must be expended on qualifying work and at least 5 percent of the total project must be spent on the exterior of the building. All work must be approved by OPRHP prior to start of construction. 
Program Sunset DateDec. 31, 2019
Novogradac ContactCharlie Rhuda
State Contact

New York State Division for Historic Preservation
(518) 237-8643

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North Carolina

ProgramNorth Carolina Credit for Rehabilitating Income-Producing Historic Structure
Administernig AgencyNorth Carolina State Historic Preservation Office
Enacting LegislationH.B. 97
Amending LegislationNot Applicable
Related StatutesNorth Carolina General Statutes Section 105-129.015
ApplicationMust contact state for  applications and instructions
Application ProcessApply for the state and federal credits separately.
Annual State CapNot Applicable
Transaction Cap

$4.5 million, based on $20 million project of vacant mill in distressed county.

Credit Description

15 percent of qualified rehabilitation costs of up to $10 million for historic income-producing properties; 10 percent for $10 million to $20 million; no credit for more than $20 million.

5 percent additional credit with $20 million project cap for projects located in either Tier One or Tier Two areas or on an eligible targeted investment site on expenditures made prior to Dec 31, 2016.

How to Claim the CreditThe taxpayer must provide a copy of the certification obtained from the State Historic Preservation Officer and attach it to their state income tax returns.
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)Can be taken in year place in service and carried forward nine years. (Five years.)
RecaptureSame as federal
Related Documents

Nomination Private Consultants List, Factsheet, The New North Carolina Historic Preservation Tax Credits 

Other InformationFormer state mill rehabilitation tax credit rolled into this credit. Eligibility certifications for projects certified under previous mill program expire Jan. 1, 2023.
Program Sunset DateJan. 1, 2020
Novogradac ContactRebecca Darling
State Contact

Tim Simmons
(919) 807-6585

Mandy Bullman
(919) 807-6590

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North Carolina

ProgramNorth Carolina Historic Preservation State Tax Credits for Non-Income Producing Properties
Administernig AgencyNorth Carolina State Historic Preservation Office
Enacting LegislationH.B. 97
Amending LegislationNot Applicable
Related StatutesNorth Carolina General Statutes Section 105-129.015
ApplicationFor copies of tax credit applications and instructions, communicate with the state contact and provide your name, address, and name and location of your project.
Application ProcessThese properties do not qualify for the federal credit. You must apply only for the state credit.
Annual State CapNot Applicable
Transaction Cap

$22,500

Credit Description

The state offers an income tax credit equal to 15 percent of eligible rehabilitation expenses for properties on National Register or contributing to a National Register-listed Historic District.

How to Claim the CreditTo claim the credit allowed by this subsection, the taxpayer must provide a copy of the certification obtained from the State Historic Preservation Officer and attach it their state income tax returns.
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)Credit may be taken in year placed in service and carried forward nine years. (Five years.)
RecaptureSame as federal
Related Documents

Factsheet, The New North Carolina Historic Preservation Tax Credits 

Other InformationThe project threshold is $10,000 of rehabilitation expenses. Expenses must be incurred within a 24-month period. Credits may be transferred with property if transfer of property occurs before its placed in service. Taxpayer can claim credits for rehabilitation once every five years
Program Sunset DateJan. 1, 2020
Novogradac ContactRebecca Darling
State Contact

Tim Simmons
(919) 807-6585

David Christenbury
(919) 807-6574

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North Dakota

ProgramNorth Dakota Renaissance Zone Rehabilitation Tax Credit
Administernig AgencyState Historical Society of North Dakota
Enacting LegislationS.B. 2033
Amending LegislationNot Applicable
Related StatutesNorth Dakota Century Code Chapter 40-63
ApplicationApplying for the Renaissance Zone Rehabilitation Tax Credits
Application ProcessApply for the state and federal credits separately.
Annual State CapNot Applicable
Transaction Cap$250,000
Credit Description25 percent of qualified rehabilitation expenditures for a project that is part of a renaissance zone project and is eligible to be on the National Register of Historic Places.
How to Claim the Credit

Use Schedule RZ

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward five years. (Not Applicable.)
RecaptureNot Applicable
Related DocumentsRenaissance Zone Act Tax Incentives Guideline, Renaissance Zone State Tax Incentives FAQ
Other Information

Not Applicable

Program Sunset DateNot Applicable
Novogradac ContactThomas Boccia
State Contact

State Historical Society of North Dakota
(701) 328-2666

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Ohio

Program

Ohio Historic Preservation Tax Credit

Administernig AgencyOhio Development Services Agency
Enacting LegislationH.B. 149
Amending LegislationH.B. 153; Am. Sub. H.B. 554; S.B. 235
Related StatutesOhio Administrative Code Section 5726.52; Ohio Administrative Code Section 149.311Ohio Administrative Code Section 122: 19-1-01 to -08
ApplicationOhio Historic Preservation Tax Credit Pipeline Pilot Initiative Application, Application Amendment Request, (Round 18 Coming Soon)
Application ProcessApply for the state and federal credits separately.
Annual State Cap$60 Million
Transaction Cap$5 Million
Credit Description

25 percent credit for owners and long-term qualified lessees of certified historic buildings.

How to Claim the Credit

Attach tax credit certificate to state tax return.

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward five years. (Four years.)
RecaptureNot Applicable
Other Information

Applicant must have CPA certify costs if qualified rehabilitation expenditures exceed $200,000. The director of development services can approve one “catalytic project” per fiscal biennium that shall receive a tax credit equal to twenty-five percent of the dollar amount indicated on the certificate for a credit of no more than  $5 million. A “catalytic project” is defined as a project whose rehabilitation will spur economic growth within 2,500 feet of the historic building.

Related DocumentsOhio Historic Preservation Tax Credit Pipeline Pilot Initiative, Factsheet, Program Policies, FAQs
Program Sunset DateNot Applicable
Novogradac ContactThomas Boccia
State ContactLisa Brownell
(614)  446-6667

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Oklahoma

ProgramOklahoma Investment Tax Credits for Rehabilitation
Administernig AgencyOklahoma Historical Society
Enacting LegislationH.B. 3024
Amending Legislation S.B. 1267; S.B. 1230Oklahoma S.B. 556 (introduced January 24, 2017)
Related StatutesOklahoma Statutes Section 68-2357.41
ApplicationTo receive an application, contact Jennifer Bailey at (405) 522-4479 or email her at [email protected].
Application ProcessApply for the state and federal credits simultaneously.
Annual State CapNot Applicable
Transaction CapNot Applicable
Credit Description20 percent income tax credit for all eligible commercial and rental residential properties that qualify for the federal tax credit.
How to Claim the Credit

Use Form 511CR

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward 10 years. (Not Applicable.)
RecaptureNot Applicable
Other InformationCredits are freely transferable for five years.
Related DocumentsInvestment Tax Credits for Rehabilitation, Tax Credit Rehabilitation FAQ
Program Sunset DateNot Applicable
Novogradac ContactThomas Boccia
State Contact

Oklahoma Historic Society
Jennifer Bailey
(405) 522-4479

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Pennsylvania

ProgramPennsylvania Historic Preservation Incentive Tax Credit Program
Administernig AgencyPennsylvania Department of Community and Economic Development
Enacting LegislationH.B. 761
Amending LegislationNot Applicable
Related StatutesNot Applicable
ApplicationSingle Application For Assistance, Part 1, Part 2, Part 3
Application ProcessApply for the state and federal credits separately.
Annual State Cap$3 Million
Transaction Cap$500,000
Credit Description25 percent credit for eligible properties that qualify for the federal tax credit.
How to Claim the Credit

RCT-101 for C Corporations, PA-20S PA-65 Schedule OC for S Corporations, partnerships and limited liability companies filing as partnerships or PA S corporations for federal income tax purposes, PA-40 Schedule OC  for individuals. Also, a copy of the approved credit certificate to the Department of Revenue should be attached.

 

 

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward seven years. (Not applicable.)
RecaptureNot Applicable
Other Information

The tax credit reservation will expire 24 months from the date of issuance.  Requests for final certification should be made prior to the expiration date of the tax credit reservation.

Applicant must have an independent certified public accountant certify costs.
Related DocumentsHistoric Preservation Tax Credit Guidelines
Program Sunset DateJuly 1, 2019
Novogradac ContactThomas Boccia
State Contact

866-466-3972
Regional contact information

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Rhode Island

ProgramRhode Island Historic Preservation Tax Credit Program
Administernig AgencyRhode Island Historical Preservation and Heritage Commission
Enacting LegislationH. 6060
Amending LegislationH.B. 5127; Rhode Island Regulation CR 14-16
Related StatutesRhode Island General Laws 44-33.6 Historic Tax Credit
ApplicationPart 1, Part 2, Part 3, Application Checklist, Application Instructions, Application 
Application ProcessYou must apply for the state and federal credits separately. Attach Form HTC-13 to state tax return to apply for the credit.
Annual State CapThe aggregate credits authorized to be reserved shall not exceed sums estimated to be available in the historic preservation tax credit fund as determined by the Division of Taxation.
Transaction Cap$5 Million
Credit Description

20 percent for commercial property owners, condominiums and nonprofits; 25 percent if 25 percent of total rentable space or entire first floor is used in a trade or business.

Owner-occupied residences not eligible.

How to Claim the Credit

Attach the Division of Taxation’s certification as to the amount of the tax credit to all state tax returns on which the credit is claimed..

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward 10 years. (Not applicable.)
RecaptureAny credit claimed under the Act shall be recaptured in full (by increasing the taxpayer’s tax for the year by the total amount of historic preservation tax credit actually used against the tax) if, within 24 months after the issuance of a Certificate of Completed Work, the property becomes Exempt from Real Property Tax.
Related DocumentsEmergency Regulation, Photographic Instructions, Potential Causes for Denial of Tax Credits, Reauthorization of the Historic Structures Tax Credit, Final Rules and RegulationsNotice 2017-02
Other InformationNot Applicable
Program Sunset DateJune 30, 2023
Novogradac ContactTony Grappone
State Contact(401) 222-2678
[email protected]

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South Carolina

ProgramSouth Carolina Historic Rehabilitation Tax Credit Program
Administernig AgencySouth Carolina Department of Archives and History State Historic Preservation Office
Enacting LegislationAct No. 229
Amending LegislationAct No. 116
Related StatutesSouth Carolina Code of Laws Section 12-6
ApplicationApply using the federal application
Application ProcessApply for the state and federal credits together
Annual State Cap

Not Applicable

Transaction Cap

Per-building cap of $1 million; No per-project dollar caps for 10 percent credit.

Credit Description

10 percent credit for commercial properties eligible for federal credit; 25 percent for other eligible properties 

Credits taken against income and license taxes. All credits must be taken in 3 equal annual installments.

Pre-approval required. Minimum investment for non-commercial properties: $15,000.

Credits for owner-occupied residences limited to one per structure each 10 years.

How to Claim the Credit

Use Form SC1040TC

Bifurcated from Federal HTC?No
Credit Period (Compliance)The credit can be carried forward five years. (Five years.)
Recapture

Same as federal

Other InformationNot Applicable
Related DocumentsNot Applicable
Program Sunset DateNot Applicable
Novogradac ContactBrad Elphick
State ContactDan Elswick
(803) 896-6174                                                                                                                              

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South Carolina

ProgramSouth Carolina Textiles Communities Revitalization Tax Credit Program
Administernig AgencySouth Carolina Department of Archives and History State Historic Preservation Office
Enacting LegislationAct No. 227
Amending LegislationAct No. 313, Act No. 182
Related StatutesSouth Carolina Code of Laws Section 12-65-10
ApplicationSubmit  a “Notice of Intent to Rehabilitate” letter.
Application ProcessThe notice letter must include intent to rehabilitate the site, location, amount of acreage, estimated expenses, which buildings will be renovated or demolished, and whether new construction is to be involved.
Annual State CapNot Applicable
Transaction Cap$500,000
Credit Description

25 percent of qualified expenditures against real property taxes                         

25 percent of qualified expenditures against state income tax or corporate license fee.

25 percent tax credit against income, corporate license fees, and insurance premium taxes, for rehabilitating abandoned textile mill buildings.

Credits taken in 5 equal installments.

Can be claimed with historic tax credit.

South Carolina also has a 25 percent tax credit against income taxes and corporate license fees, taken in five equal installments, for rehabilitating abandoned buildings where 66 percent of space has been non-income producing for a minimum of 5 years.

Taxpayer, if qualifying, is only permitted to one of three credits allowed through the Abandoned Buildings Act, the Textiles Communities Revitalization Act, or the Retail Facilities Revitalization Act and cannot exceed 50 percent of tax liability.

Alternatively, credit can be taken against local real property taxes if approved by positive majority vote of the municipality or county after a public hearing. Credit up to 75 percent of real property taxes must be taken each year for up to 8 years.

Credits are transferable by certificate and by disproportionate allocation. Available for projects initiated in 2012. 

How to Claim the Credit

Use Form SC1040TC

Bifurcated from Federal HTC?No
Credit Period (Compliance)The credit can be carried forward five or eight years, depending on which tax it is taken against (see other information below). (Not applicable.)
Recapture

Not Applicable

Related DocumentsBusiness Income Tax Property Rehabilitation Credits, Tips for Developers of Textile Mill Projects in South Carolina
Other InformationIf the actual rehabilitation expenses exceed 125 percent of the estimated expenses set forth in the Notice of Intent to Rehabilitate, the taxpayer qualifies for the credit based on 125 percent of the estimated expenses as opposed to the actual expenses it incurred in rehabilitating the textile mill site. If the actual rehabilitation expenses are below 80 percent of the estimated rehabilitation expenses, the credit is not allowed. The ordinance must provide for the credit to be taken as a credit against up to 75 percent of the real property taxes due on the textile mill site each year for up to eight years. It may be taken against state income tax or corporate license fee in equal installments over five years, limited to 50 percent of the taxpayer’s liability.
Program Sunset DateDec. 31, 2019
Novogradac ContactBrad Elphick
State ContactDan Elswick
(803) 896-6174

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Tennessee (Proposed)

ProgramHistoric Rehabilitation Investment Incentive Act
Administernig AgencyTennessee Code Title 56, Chapter 4, Sections 2-8
Enacting LegislationS.B. 1040, H.B. 1061
Amending LegislationNot Available
Related Statutes 
ApplicationNot Available
Application ProcessNot Available
Annual State CapNone
Transaction CapNot Available
Credit DescriptionA 25 percent credit for qualified rehabilitation expenses, with minimum expenditure of $5,000 on QREs. Credit is claimed in three equal installments, but can be carried forward five years.
How to Claim the Credit

Not Available

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)Not Available
RecaptureNot Available
Other Information 
Related DocumentsNot Available
Program Sunset DateNot Available
Novogradac ContactNot Available
State ContactNot Available

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Texas

ProgramTexas Historic Preservation Tax Credit Program
Administernig AgencyTexas Historical Commission
Enacting LegislationH.B. 500
Amending LegislationNot Applicable
Related StatutesTexas Tax Code Section 2-F-171.901; Adopted Eligibility Amendments
ApplicationApplication Guide, Part A, Part B, Part C, Amendment and Advisory Determination Form
Application ProcessAn entity shall file with any report on which the credit is claimed a copy of the certificate of eligibility issued by the commission under Section 171.904 and any other information required by the comptroller to sufficiently demonstrate that the entity is eligible for the credit.
Annual State CapNot Applicable
Transaction CapNot Applicable
Credit Description

25% tax credit against franchise and insurance premium taxes for certified historic structures rehabilitated and put in service on or after Sept. 1, 2013.

Owners and long-term lessees (with 39 year lease) can use the credit.

Public university can use for costs incurred between June 14, 2017 and Jan. 1, 2022. No annual or per‐project cap.

Carry forward: 5 years. Minimum investment: $5,000.

How to Claim the Credit

The entity must forward the certificate of eligibility and the following documentation to the comptroller to claim the tax credit: an audited cost report issued by a certified public accountant, as defined by Section 901.002, Occupations Code, that itemizes the eligible costs and expenses incurred in the certified rehabilitation of the certified historic structure by the entity, the date the certified historic structure was first placed in service after the rehabilitation and evidence of  that placement in service; and an attestation of the total eligible costs and expenses incurred by the entity on the rehabilitation of the certified historic structure.

Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward five years. (Not applicable.)
RecaptureNot Applicable
Other Information

Qualified expenditures must be at least $5,000 in value to qualify. 

Large projects can be certified in phases.

Related DocumentsPreservation Fact Sheet, Comparison Chart, Application Flow Chart
Program Sunset DateNot Applicable
Novogradac ContactMichael Kressig
State ContactTexas Historical Commission
(512) 463-6100

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Utah

ProgramUtah Historic Preservation Tax Credit Program
Administernig AgencyUtah Division of State History  
Enacting LegislationNot available
Amending LegislationS.B. 37
Related StatutesUtah Code Section 59-10-1006
ApplicationHistoric Preservation Tax Credit Application
Application ProcessApply for the federal and state credits separately.
Annual State CapNot Applicable
Transaction CapNot Applicable
Credit Description20 percent of qualified expenditures for buildings occupied by owners or used as residential rentals.
How to Claim the CreditUse Form TC-40H
Bifurcated from Federal HTC?No
Credit Period (Compliance)The credit can be carried forward five years. (Three years.)
RecaptureSame as federal, but for three years.
Other InformationTotal expenditures must exceed $10,000. Building must be listed on National Register of Historic Places at time of application or within three years of approval.
Related DocumentsNot Applicable
Program Sunset DateNot Applicable
Novogradac ContactThomas Boccia
State ContactNelson Knight
(801) 245-7244

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Vermont

ProgramVermont Downtown and Village Tax Credit
Administernig Agency

Vermont Agency of Commerce and Community Development

Enacting LegislationAct No. 183
Amending LegislationAct No. 199, Act 57
Related StatutesVermont Statutes Chapter 32: Section 5930cc, Section 5930dd, Section 5930ee
ApplicationApplication for Downtown and Village Center Tax Credits
Application Process

Apply for the federal and state credits separately.

Annual State Cap$2.4 million
Transaction Cap

Code: $50,000 for the sprinkler, $50,000 for the elevator, $12,000 for a lift, $25,00 for other code requirements. If eligible, the credit may be combined with the 10 percent historic on OR 25 percent façade credit, but not both.

Historic: 10 percent on the first $500,000 and half the costs exceeding $500,000. Credit may be used in combination with the 50 percent code credit only.

Facade: $25,000 Credit may be used in combination with the 50 percent code credit only.

Credit Description

Code: 50 percent of qualified expenditures for income-producing property built before 1983 located within a Downtown or Village Center District.

Historic: 10 percent of qualified expenditures for an approved federal 20 percent application and a building located within a Downtown or Village Center District.

Facade: 25 percent of qualified expenditures for income-producing property built before 1983 and located within a Downtown or Village Center District.

How to Claim the CreditAttach copy of tax credit certificate to tax form
Bifurcated from Federal HTC?Yes
Credit Period (Compliance)The credit can be carried forward for up to nine years after the initial year that any portion of the credit allocation is claimed.  If within five years after the date of the credit allocation to the applicant no claim for tax credit has been filed, the tax credit allocation shall be rescinded.
RecaptureSame as federal for the historic credit.
Other InformationCombination of credits is possible, up to 70 percent.  Selection criteria are applied to ensure credits are allocated to projects that provide the most public benefit. Projects must be finished within five years of date of allocation. Credit can only be “sold” to Vermont-based banks or insurance companies.
Related Documents

Tax Credits for Designated Downtowns and Village Centers, FAQs, Tax Credit Guidelines

Program Sunset DateNot Applicable
Novogradac ContactTony Grappone
State ContactCaitlin Corkins
Tax Credits & Grants Coordinator
(802) 828-3047

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Virginia

ProgramVirginia Rehabilitation Tax Credits
Administernig AgencyVirginia Department of Historic Resources
Enacting Legislation

H.B. 1453

Amending LegislationH.B. 2705H.B. 531 (S.B. 444); S.B. 68, Amended Regulations
Related StatutesVirginia Code Section 58.1-339.2
ApplicationPart 1, Part 2, Part 3Application Checklist
Application ProcessApply for the federal and state credits separately.
Annual State Cap$5 million
Transaction Cap 
Credit Description

25 percent for commercial and owner-occupied residential properties.

Per-taxpayer cap: $5 million between Jan 1, 2017-Jan. 1, 2019.

Reconstruction and improvements must amount to at least 25 percent of the assessed value for owner-occupied buildings and at least 50 percent for non-owner-occupied buildings. 

How to Claim the CreditUse Schedule CR
Credit Period (Compliance)The credit can be carried forward 10 years. (The department reserves the right to make inspections at any time up to three years after certification of completed rehabilitation and to revoke a certification, after giving the owner 30 days to comment on the matter, if it is determined that the rehabilitation project was not undertaken as represented in the application and supporting documentation.)
RecaptureSame as federal, except state doesn’t require ownership to remain the same for five  years.
Other InformationIf rehabilitation expenses exceed $500,000,  an audit report by a certified public accountant must be submitted; if rehabilitation expenses are less than $500,000, an agreed-upon procedures engagement report by a certified public accountant is required. Reconstruction and improvements must amount to at least 25 percent of assessed value for owner-occupied structures, 50 percent of assessed value for all other eligible structures.
Related DocumentsVirginia Regulations, Billing Statement, Sample Virginia Rehabilitation Proposal
Program Sunset DateNot Applicable
Novogradac ContactMichael Kressig
State Contact

Elizabeth Tune
(804) 482-6093

Chris Novelli
(804) 482-6097

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West Virginia

ProgramWest Virginia Historic Rehabilitation Tax Credit Program
Administernig AgencyWest Virginia Division of Culture and History
Enacting LegislationH.B. 2882
Amending LegislationH.B. 203H.B. 2493
Related StatutesWest Virginia Code Section 11-24-23
ApplicationThe state historic preservation officer shall prescribe and publish a form and instructions for an application for reservation and issuance of the tax credits.
Application Process

File application with state historic preservation office before construction. For the commercial credit, apply using the federal application.  For the residential credit, use the residential application form (Part 1, Part 2, Part 3).

Annual State Cap$30 million
Transaction Cap$10 million
Credit Description

25 percent credit for buildings eligible for federal credit after Dec 31, 2017.

 

$5 million set aside for projects with less than $500,000 in QRE. Credits accessible on Jan 1, 2020.

Part 3 required within 36 months and for phased projects Part 2 required within 60 months. Rescinded credits can be reallocated by SHPO.

Long-term lessee can receive the credit. Minimum investment: $5,000 or the adjusted gross basis. Recipient of credit must not be delinquent in payment of taxes.

Commercial buildings entitled to carry forward 10 years.

Carry backward: same as federal credit but after Jan 1, 2020 carry forward only. Recapture rules same as federal credit.  
How to Claim the CreditThe tax credits will be awarded on a first come, first served basis. At the time the historic preservation certification application, Part 2 - Description of Rehabilitation, is received by the state historic preservation office, the project will be placed on a reservation list, which will reserve the tax credit amount listed on the application. The historic preservation certification application, Part 2 - Description of Rehabilitation, will be reviewed by the state historic preservation office for completion and submitted to the National Park Service for full review. At the time the historic preservation certification application, Part 2 - Description of Rehabilitation, is submitted to the National Park Service, the state historic preservation officer shall send a request for the fee prescribed in subsection (e) of this section to the property owner. Upon approval of the historic preservation certification application, Part 2 - Description of Rehabilitation, from the National Park Service, including approval with conditions, that the project will meet the Secretary of the Interior’s standards for rehabilitation, the owner of the building will receive guarantee of the tax credits from the state historic preservation office. 
Credit Period (Compliance)That for tax years beginning on and after January 1, 2020, any unused portion of the credit authorized by section twenty-three a of this article, may not be carried back to any prior taxable year: Provided further, That for tax years beginning on and after January 1, 2020, any unused portion of the credit authorized by section twenty-three-a of this article may be carried over to each of the next ten tax years following the first tax year for which the credit entitlement is authorized under this article for a specific qualified rehabilitation buildings investment until used to exhaustion or forfeited due to lapse of time. 
Recapture 
Related DocumentsNot Applicable
Other InformationProviding for the use of tax credit on or after January 1, 2020
Program Sunset DateDec. 31, 2022
Novogradac ContactMichael Kressig
State ContactTax Credit Coordinator
(304) 558-0240

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Wisconsin

ProgramWisonsin Historic Preservation and Rehabilitated Tax Credit Program
Administernig AgencyWisconsin Economic Development Corporation
Enacting LegislationS.B. 259; SB 668
Amending LegislationA.B. 40A.B. 4
Related StatutesWisconsin Statutes Section 238.17
ApplicationFor commercial properties, Historic Preservation Certification Application (Parts 1-3), WEDC Supplemental ApplicationApplication Instructions.  For residential properties, use the Historic Preservation Certification Application.
Application ProcessFor commercial properties, apply for the federal credit and the state credit either separately or together. Apply before starting work.
Annual State CapNot Applicable
Transaction Cap$3.5 million per-project cap
Credit Description

20 percent for certified income-producing properties.

How to Claim the CreditUse Schedule HR
Credit Period (Compliance)Not Available
RecaptureSame as federal
Related DocumentsGuidelines for Planning Historic Preservation Tax Credit Projects in Wisconsin, Description of HTC program
Other InformationThe Wisconsin Economic Development Corporation has partially lifted a moratorium it had placed on issuing historic preservation tax credits because of higher than expected demand for the credits. The moratorium on the Certified Historic Buildings program has been lifted. The moratorium on non-historic developments prior to 1936 remains. The WEDC will collect additional information in order to facilitate any future decisions regarding the program.
Program Sunset DateNot Applicable
Novogradac ContactMichael Kressig
State Contact

Jen Davel
(608) 264-6490

Mark Buechel
(608) 264-6491

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