State HTC Program Descriptions

Legend

  State Historic Tax Credit Program Enacted
  State Historic Tax Credit Program Enacted but Not Funded
  State Historic Tax Credit Program Proposed
  No Current State 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

Program Alabama Historic Rehabilitation Tax Credit
Administering Agency Alabama Historical Commission
Enacting Legislation H.B. 345 (Enacted May 24, 2019)
Amending Legislation  
Related Statutes 810-3-137-.02; Alabama Department of Revenue Revenue Ruling 2019-001
Application Part 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 2017 to 2027.

No more than $200 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 Credit Credits 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.
Recapture Same as federal credit.
Related Documents

 Alabama Historical Commission Administrative CodeRule 810-3-137-.01; Rule 810-3-137-.03Rule 810-3-137-.02

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.

Any nonprofit receive receiving a state HTC must file a state tax return for the year the project is placed in service.

Any tax credit transferred must be valued at 85 percent or greater of the present value.

Program Sunset Date Dec. 31, 2022
Novogradac Contact Brad Elphick

State Contact

 

Hannah Garmon
Alabama Historical Commission
334-230-2644
[email protected]

Back to top

 

Arizona (Proposed)

Program Arizona Historic Preservation Tax Credit
Administering Agency Arizona State Parks Board
Enacting Legislation H.B. 2760
Amending Legislation  
Related Statutes  
Application  
Application Process  
Annual State Cap $15 million
Transaction Cap

 

Credit Description Worth 20% of QREs. Property must be consistent with standards for rehabilitation for the federal HTC and produce a positive economic impact. At least 60% of credits during first application period of year shall be issued to properties in cities with fewer than 150,000 residents. Credit is allowed for taxable year the structure–or an identifiable portion of the structure–is placed in service.
How to Claim the Credit Apply to the board for an initial certification before the property is placed in service and for a final certification after the completion of the work.
Bifurcated from Federal HTC? Yes
Credit Period (Compliance)  
Recapture  
Related Documents

 

Other Information 

 

Program Sunset Date Dec. 31, 2032
Novogradac Contact  

State Contact

 

 

Back to top

 

Arkansas

Program Arkansas Historic Rehabilitation Income Tax Credit
Administering Agency Arkansas Historic Preservation Program
Enacting Legislation H.B. 1953 (Enacted March 13, 2009); H.B. 1493 (Enacted March 14, 2019)
Amending Legislation S. 570 (Enacted March 24, 2015), S.B. 253 (Enacted March 7, 2019), H.B. 1555 (Enacted April 22, 2021)
Related Statutes Arkansas Code Section 26-51-2201, Arkansas Code Section 26-51-2204
Application Property owners should contact the Arkansas Historic Preservation Program for application materials before beginning a historic rehabilitation project.
Application Process The 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 in 2021, $8 million from 2022 on
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 Description 25 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 Credit Attach 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
Recapture Same 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 Date Dec. 31, 2037
Novogradac Contact Brad Elphick

State Contact

 

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

Back to top

 

California

Program  
Administering Agency California Tax Credit Allocation Committee
Enacting Legislation S.B. 451 (Enacted Oct. 11, 2019)
Amending Legislation A.B. 150
Related Statutes 2022 Proposed Regulations
Application  
Application Process To be determined by California Tax Credit Allocation Committee.
Annual State Cap $50 million, with $2 million set-aside for residences and $8 million set-aside for developments with qualified rehabilitation expenses of $1 million or less.
Transaction Cap  
Credit Description 20% credit against personal income and corporation taxes for qualified rehabilitation expenses for the rehabilitation of historic structures. 25% credit for projects located on federal surplus property, structures with affordable housing for lower-income housing, structures in designated census tracts, structures that are part of a military base reuse authority or structures that are transit-oriented developments. Requires Legislature to provide for expenditure each year in appropriations.
How to Claim the Credit  
Bifurcated from Federal HTC?  
Credit Period (Compliance) The credit can be carried forward seven years. (Five years)
Recapture  
Related Documents  
Other Information Allocated on first-come, first-served basis. Funding must be provided for each year by state Legislature.
Program Sunset Date Dec. 31, 2026
Novogradac Contact Mike Morrison
State Contact California Tax Credit Allocation Committee
916-654-6340

Back to top

 

Colorado

Program Colorado Job Creation Main Street Revitalization Act
Administering Agency History Colorado 
Enacting Legislation H.B. 14-1311 (Enacted May 14, 2014)
Amending Legislation H.B. 08-1033 (Enacted June 5, 2008) ; H.B. 15-1307 (Enacted May 22, 2015); HB-1190 (Enacted May 30, 2018); H.B. 1228 (Enacted May 17, 2019)
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 Process If 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 Credit Certified 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)
Recapture Same 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 Date Dec. 31, 2029
Novogradac Contact Mike Morrison
State Contact

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

Back to top

 

Connecticut

Program Connecticut State Historic Rehabilitation Tax Credit
Administering Agency Connecticut Department of Economic and Community Development
Enacting Legislation Public Act No. 07-250
Amending Legislation Public Act No. 11-48;  Public Act No. 14-217; Public Act No. 06-159; Public Act No. 99-173
Related Statutes Connecticut General Statutes Section 10-41b
Application Part 1, Part 2, Part 2 Form A, Part 3, Part 4, Part 4 Form A, Part 5, Part 5 Form A, Amendment Form, COVID Relief Questionnaire
Application Process There 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.)
Recapture If 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 Documents Not 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 Date Not Applicable
Novogradac Contact Charlie Rhuda
State Contact

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

Back to top

 

Delaware

Program Delaware Historic Preservation Tax Credit Program
Administering Agency Delaware Division of Historical and Cultural Affairs
Enacting Legislation H.B. 1
Amending Legislation S.B. 209; S.B. 191; HB 475S.B. 212; S.B. 180; S.B. 200; H.B. 475
Related Statutes Chapter 18, Title 30 of the Delaware Code
Application Part 1, Part 2, Part 2 Description of Rehabilitation Work, Part 3, Part 4, Continuation Form, Amendment Form
Application Process Apply for the state credit and federal credit separately.
Annual State Cap $8 million
Transaction Cap

20 percent of qualified expenditures for income producing buildings, residential buildings and an additional 10 percent for low-income housing developments. $30,000 cap for single rehabilitation of owner-occupied property.

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.)
Recapture Same as federal
Related Documents

Historic Preservation Tax Credit Program Guidance; Historic 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 Date Dec. 31, 2028
Novogradac Contact Charlie Rhuda
State Contact

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

Back to top

 

Georgia

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

H.B. 1441

Amending Legislation H.B. 308FAQs Regarding H.B. 308 ChangesH.B. 224; S.B. 6; H.B. 469
Related Statutes Georgia Statutes and Codes Section 48-7-29.8; Georgia Dept. of Revenue Income Tax Division Chapter 560-7-8-.56
Application Part A, Part B, Application AmendmentApplication Instructions (2014)
Application Process Apply for the state credit and federal credit separately. Before claiming credits, taxpayers 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% credit for residence located in a HUD target area.

2022: $5 million combined for all projects earning $300,000 or less; $25 million for all projects earning more than $300,000.

2023 and 2024: $5 million for historic homes earning $300,000 or more.

2023 through 2027: $30 million in aggregate, excluding historic homes.

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 Description 25 percent of qualified expenditures. Taxpayers can take credit up to two years after property is placed in service.
How to Claim the Credit Use Form IT-RHC
Bifurcated from Federal HTC? No
Credit Period (Compliance) The credit may be carried forward 10 years. (5 years.)
Recapture Not 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 Date Dec. 31, 2027
Novogradac Contact Brad Elphick
State Contact


Rachel Rice, Tax Incentives Program Manager
[email protected]

Back to top

 

Hawaii

Program Historic Preservation Income Tax Credit
Administering Agency State of Hawaii State Historic Preservation
Enacting Legislation S.B. 1394
Amending Legislation  
Related Statutes  
Application Online Application
Application Process  
Annual State Cap $1 million
Transaction Cap  
Credit Description 30 percent of qualified rehabilitation expenditures, available in the year in which the structure is placed in service.
How to Claim the Credit  
Bifurcated from Federal HTC?  
Credit Period (Compliance) The credit may be carried forward 10 years. (5 years.)
Recapture From any taxpayer who receives a credit and the projected qualified expenditures do not occur or the rehabilitation of the certified historic structure does not proceed in a timely manner and in accordance with the approved rehabilitation plan.
Related Documents  
Other Information  
Program Sunset Date Dec. 31, 2024
Novogradac Contact Mike Morrison
State Contact Hawaii State Historic Preservation Division
[email protected]
808-692-8015

Back to top

 

Illinois

Program Illinois Historic Preservation Tax Credit Program
Administering Agency Department of Natural Resources (per H 5686)
Enacting Legislation Public Act 097-0203
Amending Legislation S.B. 1488; S.B. 1783; S. 2017
Related Statutes Not Applicable
Application Current Application Information
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 Cap Not Applicable
Transaction Cap Not Applicable
Credit Description

25 percent of qualified expenditures 

How to Claim the Credit Use Schedule 1299-D
Bifurcated from Federal HTC? Yes
Credit Period (Compliance) The credit may be carried forward for up to 10 years.
Recapture Not Applicable
Related Documents ITR-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 Date Dec. 31, 2026
Novogradac Contact Thomas Boccia
State Contact

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

Back to top

 

Illinois

Program Bicentennial Mississippi River Region Redevelopment Historic Tax Credit Act
Administering Agency Illinois Historic Preservation Agency
Proposed Legislation HB 5730
Amending Legislation Not Applicable
Related Statutes IT 18-0001-PLR - River Edge Redevelopment Zone credit may not be transferred
Application To 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 Credit Upon 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. 
Recapture If 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 Documents Not Available
Other Information

 

Credits may be allocated among partners of a syndication partnership.

Program Sunset Date Dec. 31, 2023
Novogradac Contact Thomas Boccia
State Contact

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

Back to top

 

Indiana

Program Residential Historic Rehabilitation Credit
Administering Agency  
Enacting Legislation

H 1578

Amending Legislation  
Related Statutes  
Application State Form 50743
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

Back to top

 

Iowa

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

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 Cap Not Applicable
Credit Description 25 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 Credit Use 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.)

Recapture Tax 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 Documents Disaster Certification Form, Instructions for Survey Form,   Survey FormPhoto Key Example, Administrative Rules 2015, 2013 QRC Schedule2013 Guidance Memorandum for QRC Schedule
Other Information The application process allocates tax credits to projects that are shovel-ready and have their financing stack in order.
Program Sunset Date Not Applicable
Novogradac Contact Michael Kressig
State Contact

State Historic Preservation Office of Iowa (SHPO)

Kristen Vander Molen, Grants Manager
[email protected]

Back to top

 

Kansas

Program Kansas Historic Rehabilitation Tax Credit Program
Administering Agency Kansas Historical Society
Enacting Legislation H.B. 2560
Amending Legislation S.B. 430
Related Statutes Kansas Statutes Section 79-32,211
Application Part 1, Part 2, Part 3, Amendment Form, Application Processing Fee, Application Instructions
Application Process Apply for state credits and federal credits separately.
Annual State Cap Not Applicable
Transaction Cap Not Applicable
Credit Description 25 percent of qualifying expenditures incurred during a qualified project on a qualified building. Credit is 30 percent for nonprofits.
How to Claim the Credit Use Form K-35
Bifurcated from Federal HTC? Yes
Credit Period (Compliance) The credit may be carried forward 10 years. (Not available.)
Recapture Not available
Related Documents Instructions 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, Notice 22-12
Other Information Project expenses must exceed $5,000. Smaller projects may be combined in order to exceed the minimum requirement.
Program Sunset Date Not Applicable
Novogradac Contact Michael Kressig
State Contact

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

Back to top

 

Kentucky

Program Kentucky Historic Preservation Tax Credit Program
Administering Agency Kentucky Heritage Council State Historic Preservation Office
Enacting Legislation H.B. 272
Amending Legislation Not Applicable
Related Statutes Kentucky Revised Statutes Section 141.382, Administrative Regulations 300 KAR 6:010; H.B. 321
Application Part 0Part 1, Part 2, Part 3, Part 4Continuation Amendment Form
Application Process Apply 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

Louisville: Set-aside before Dec. 31 for a major HTC that meets certain requirements for the Seelbach Hotel. Refundable, transferrable HTCs can be claimed on the first $30 million of qualified rehabilitation expenditures on the project.

How to Claim the Credit Attach the election of credit form to your Kentucky tax returns.
Bifurcated from Federal HTC? Yes
Credit Period (Compliance) The credit is refundable. (Not applicable.)
Recapture Not Applicable
Related Documents Kentucky 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 Date Not Applicable
Novogradac Contact Brad Elphick
State Contact

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

Back to top

 

Louisiana

Program Louisiana Commercial Tax Credit Program
Administering Agency

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

Enacting Legislation H.B. 359
Amending Legislation H.B. 630; H.B. 824; H.B. 387
Related Statutes LAC: 61:I.1917; Revised Statutes of Louisiana 47-6019; Louisiana Revenue Information Bulletin No. 21-010
Application Part 1 - Certification of Contributing StatusPart 2 - Proposed Work Description;  Part 3 - Request for Project CertificationFee Payment InformationContinuation SheetAmendment Sheet
Application Process Application 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 $125 million
Transaction Cap No 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 Description 25 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 Credit Attach 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.)
Recapture Not Available
Related Documents An Illustrated Guide to Completing the State Commercial Tax Credit, Claim and Transfer of Credit, Commercial Tax Credit Regulations 
Other Information Persons 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 Date Jan. 1, 2026
Novogradac Contact Michael Kressig
State Contact

Nicole Hobson-Morris
(225) 342-8172

Back to top

 

Maine

Program

Maine State Historic Rehabilitation Tax Credit

Administering Agency

Maine Historic Preservation Commission

Enacting Legislation

36 MRSA §5219-BB

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 Date Dec. 31, 2030
Novogradac Contact  
State Contact

Maine Historic Preservation Commission
207.287.2132

Back to top

 

Maryland

Program Maryland Heritage Structure Rehabilitation Tax Credit Program
Administering Agency Department of Planning, Maryland Historical Trust
Enacting Legislation H.B. 1196
Amending Legislation

 2018 Changes

Related Statutes State tax credit regulations; H.B. 539; S.B. 659
Application Application InstructionsPart 1Part 2Part 3, Amendment Form
Application Process Apply for the federal and state credits separately.
Annual State Cap Competitive commercial projects $20 million for 2023-2031. Trust account for small commercial projects with an appropriation of $2 million annually for 2024-2041.
Transaction Cap

Commercial: $5 million for projects that don’t qualify as a level 1 or level 2 opportunity zone project; $5,250,000 for a project that qualifies as a level 1 opportunity zone project; $5,500,000 for a project that qualifies as a level 2 opportunity zone project.

Small commercial: QREs may not exceed $5000.

Credit Description

20% credit

How to Claim the Credit Use Form 502CR
Bifurcated from Federal HTC? Yes
Credit Period (Compliance) Not Applicable
Recapture Not Applicable
Other Information Not Applicable
Related Documents Affordable 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 Date 2031
Novogradac Contact Thomas Boccia
State Contact

Kate Jaffe
Administrator of the Tax Credit Program
(410) 697-9537

Back to top

 

Massachusetts

Program Massachusetts Historic Rehabilitation Tax Credit Program
Administering Agency Massachusetts Offices of the Secretary of the Commonwealth
Enacting Legislation H.B. 2987
Amending Legislation Not applicable
Related Statutes Massachusetts General Laws Part I, Title IX, Chapter 63, Section 38R
Application Application InstructionsPart 1, Part 2, Part 3
Application Process Apply for the federal and state credits separately.
Annual State Cap $55 million
Transaction Cap Not Available
Credit Description 25 percent of credits set aside for projects with affordable housing.
How to Claim the Credit Not 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.

Recapture Recapture 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 Date Dec. 31, 2022
Novogradac Contact Thomas Boccia 
State Contact

Massachusetts Historical Commission
(617) 727-8470

Back to top

 

Michigan

Program Michigan Historic Preservation Tax Credits
Administering Agency Michigan Economic Development Corporation
Enacting Legislation S.B. 54
Amending Legislation  
Related Statutes Michigan State Historic Preservation Rules
Application Part 1, Part 2, Part 3, Application Amendment
Application Process

Application Instructions; only digital submissions to the application portal are accepted

Annual State Cap $5 million statewide cap: $2 million for large nonresidential historic resources, $2 million for small nonresidential historic resources, $1 million for residential historic resources.
Transaction Cap

$2 million limit per taxpayer per year.

Credit Description

25% of qualified rehabilitation expenditures.

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

Frequently Asked Questions (May 2022)Frequently Asked Questions (Feb. 2021); Draft Rules Historic Preservation Certification

Other Information 

 

Program Sunset Date Dec. 31, 2030
Novogradac Contact Thomas Boccia

State Contact

 

 

Back to top

 

 

Minnesota

Program Minnesota Historic Structure Rehabilitation Tax Credit
Administering Agency Minnesota Department of Administration State Historic Preservation Office
Enacting Legislation H.F. 2695
Amending Legislation H.F. 6772021 Omnibus Tax Bill
Related Statutes Minnesota Statutes Section 290.0681
Application Part A of the Minnesota Application, Part B of the Minnesota Application, Instructions for completing the Minnesota Application
Application Process Apply for the state and the federal credit together.
Annual State Cap Not applicable
Transaction Cap Not applicable
Credit Description The 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 Credit Use Form M4 and Schedule KPC
Bifurcated from Federal HTC? Yes
Credit Period (Compliance) Not applicable
Recapture Not available
Other Information

Not applicable

Related Documents Brochure, General Information, Instructions for completing the QRE Schedule, QRE Schedule for Part AQRE Schedule for Part 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 Date June 30, 2022
State Contact

Natascha Wiener
Senior Design Reviewer

Back to top

 

Mississippi

Program Mississippi Historic Tax Credit
Administering Agency Not Applicable
Proposing Legislation H.B. 1314
Amending Legislation H.B. 1729; H.B. 1296
Related Statutes Not Applicable
Application Not Applicable
Application Process Apply 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 Cap Not Available
Credit Description 25 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

Recapture If 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 the taxpayer’s tax liability, 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 Date Dec. 31, 2030
State Contact

Not Available

Back to top

 

Missouri

Program Missouri Historic Tax Credits
Administering Agency Missouri Department of Natural Resources
Enacting Legislation S.B. 1
Amending Legislation S.B. 1099; H.B. 1865; SB 773Missouri Register Proposed Amendments
Related Statutes Amended 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; S. 36
Application Online application portal
Application Process It 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.

The Capitol Complex Tax Credit: Covers rehabilitation and renovation of five specific buildings in Jefferson City, Missouri. Taxpayers who make a monetary donation to the Capitol Complex Fund are allowed a tax credit of 50% of the amount and taxpayers who make an artifact donation are allowed a credit of 30% of the value of the artifact. The credit is effective for tax years beginning on or after Jan. 1, 2021.

How to Claim the Credit Use 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. 
Recapture Not Applicable
Other Information Projects 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 Documents Preliminary Application and GuidelinesHistoric Expense Form, Historic Preservation Tax Credit Program Flier, Missouri Transfer FormHistoric Preservation Tax Credit Program Orders of Rulemaking, Historic Tax Credit Qualified Expenditures
Program Sunset Date Not Applicable
Novogradac Contact Michael Kressig
State Contact

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

Back to top

 

Montana

Program Montana Historic Rehabilitation Income Tax Credit Program
Administering Agency Montana Historical Society
Enacting Legislation H.B. 619
Amending Legislation H.B. 631
Related Statutes Montana Code Section 15-31-151, Montana Code 15-30-2342
Application Not Applicable
Application Process There is no application process for the state tax credit beyond the successful applicant’s own state income tax forms.
Annual State Cap Not Applicable
Transaction Cap Not Applicable
Credit Description The state tax credit is equal to 25 percent of the amount an owner claims under the federal program.
How to Claim the Credit Use Schedule V
Bifurcated from Federal HTC? No
Credit Period (Compliance) The credits can be carried forward seven years. (Not applicable.)
Recapture Not Applicable
Related Documents Montana State Historic Tax Credits Information
Other Information Not Applicable
Program Sunset Date Not Applicable
Novogradac Contact Thomas Boccia
State Contact

Montana State Historic Preservation Office
(406) 444-7715

Back to top

 

Nebraska

Program Historic Tax Incentive Programs
Administering Agency History Nebraska
Enacting Legislation L.B. 191
Amending Legislation Amendment 707*Amendment 1918*
Related Statutes Not Available
Application Available 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 Description 20 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 Credit On 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.)
Recapture Same as federal
Other Information

Not Applicable

Related Documents Application Instructions; Tax Form 3800N
Program Sunset Date Dec. 31, 2022
Novogradac Contact Thomas Boccia
State Contact

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

Back to top

 

New Hampshire

Program Community Revitalization Tax Incentive
Administering Agency

New Hampshire Preservation Alliance

Enacting Legislation

RSA 79-E

Amending Legislation

Not Applicable

Related Statutes

Not Applicable

Application

See local governing body

Application Process

See local governing body

Annual State Cap

Not Applicable

Transaction Cap

Not Applicable

Credit Description

Any city or town may adopt this program with the majority vote of its

legislative body. Once RSA 79-E is adopted locally, a property owner who wants to substantially rehabilitate a building located in a downtown or village center may apply to the local governing body. If approved, the property owner receives a period of relief from increased property taxes, usually 5 years. In exchange, the property owner grants a covenant for a certain period of years ensuring there is continuing public benefit to the rehabilitation. Designated historic buildings outside of downtowns or villages are also eligible for this tax incentive.

How to Claim the Credit

See local governing body

Bifurcated from Federal HTC?

NA

Credit Period (Compliance)

Usually 5 years

Recapture NA
Other Information NA
Related Documents Community Revitalization Tax Relief Incentive Fact SheetCommunity Revitalization Tax Relief Incentive Flow Chart, Community Revitalization Tax Relief Incentive Participating Communities
Program Sunset Date

Not Applicable

Novogradac Contact

Not Applicable

State Contact

Not Applicable

Back to top

 

New Jersey

Program Historic Property Reinvestment Program
Administering Agency New Jersey Economic Development Authority
Enacting Legislation New Jersey Economic Recovery Act of 2020 (A. 4)
Amending Legislation A.B. 5939
Related Statutes N.J.A.C. 19:31-26 (Proposed Feb. 2022)
Application  
Application Process  
Annual State Cap $50 million per year for first six years of seven years for which the program is approved.
Transaction Cap $4 million
Credit Description 40% credit for QREs. Property must be income-producing, demonstrate a project financing gap, have a developer with an equity participation of at least 20% and qualify by being listed on the New Jersey and/or National Register of Historic Places, designated by the Pinelands Commission as a historic resource of significance to the Pinelands or certified as a significant historic resource by a certified local government. 
How to Claim the Credit  
Bifurcated from Federal HTC?  
Credit Period (Compliance)  
Recapture  
Other Information  
Related Documents  
Program Sunset Date  
Novogradac Contact Thomas Boccia
State Contact  

Back to top

 

New Mexico

Program New Mexico Income Tax Credit for Registered Cultural Properties Program
Administering Agency New Mexico Department of Cultural Affairs, Historic Preservation Division
Enacting Legislation New Mexico Cultural Properties Protection Act
Amending Legislation H.B. 606
Related Statutes New Mexico Code 4-10.9
Application Part 1 Instructions, Part 1, Part 1 Amendment Instructions, Part 1 Amendment, Part 2 Instructions, Part 2
Application Process Apply separately for the state and federal credits.
Annual State Cap Not Applicable
Transaction Cap

$25,000 outside an Arts and Cultural District

$50,000 located within an Arts and Cultural District

Credit Description The 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.)
Recapture In 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 Documents New 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 Date Not Applicable
Novogradac Contact Thomas Boccia
State Contact

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

Back to top

 

New York

Program New York Rehabilitation Tax Credit for Commercial Properties
Administering Agency New York State Historic Preservation Office
Enacting Legislation S.B. 8392
Amending Legislation A.B. 9023; S. 2609; S.2509
Related Statutes Laws of New York Section 210-B-26
Application Not Applicable
Application Process There 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 Cap Not Applicable.
Transaction Cap

$5 Million

Credit Description

20 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.

Small projects, with QREs of $2.5 million or less, can receive a state credit worth 150% of the federal credit. This change applies from Jan. 1, 2022, to Jan. 1, 2025.

How to Claim the Credit Use 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.)
Recapture Same as federal
Other Information The credit is refundable for projects placed in service after 2015.
Related Documents Determining 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 Date Dec. 31, 2024
Novogradac Contact Charlie Rhuda
State Contact

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

Back to top

 

New York

Program New York Historic Barn Rehabilitation Tax Credit
Administering Agency New York State Historic Preservation Office
Enacting Legislation Farmer's Protection and Farm Preservation Act
Amending Legislation S. 6042
Related Statutes  
Application

Application Part 1 and 2, Application Part 3

IT-212-ATT Claim for Historic Barn Rehabilitation Credit, Instructions Historic Barn Credit 

Application Process Apply for the state credit and federal credit separately.  
Annual State Cap Not Applicable
Transaction Cap

Not Applicable

Credit Description 25 percent of the cost of rehabilitating historic barns that fulfill the following conditions: it must be a barn;; it must have been built or placed in agricultural service before 1945; the rehabilitation cannot convert the barn to a residential purpose or "materially alter the historic appearance" of the barn.
How to Claim the Credit Use 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.
Recapture Not Applicable
Other Information Not Applicable
Related Documents Frequently Asked Questions (04-2022)Qualifications & Instructions
Program Sunset Date Not Applicable
Novogradac Contact Charlie Rhuda
State Contact

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

Back to top

 

New York

Program New York Historic Homeownership Rehabilitation Tax Credit  
Administering Agency New York State Historic Preservation Office
Enacting Legislation S.B. 8392
Amending Legislation S.B. 6257
Related Statutes Laws of New York Section 210-B-26
Application Application Part 1 and 2, Part 2 Amendment, Part 3, Part 3 for Income-Producing Homes, Application Instructions
Application Process These projects do not qualify for the federal credit; you must apply specifically to the state program. 
Annual State Cap Not Applicable
Transaction Cap

$50,000

Credit Description The 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 Credit Use 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.
Recapture Not Applicable
Related Documents New York State Historic Properties Tax Credits Commercial and Homeowner Programs, Tax Credit Programs Comparison Chart, Program Overview
Other Information At 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 Date Dec. 31, 2019
Novogradac Contact Charlie Rhuda
State Contact

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

Back to top

 

North Carolina

Program North Carolina Credit for Rehabilitating Income-Producing Historic Structure
Administering Agency North Carolina State Historic Preservation Office
Enacting Legislation H.B. 97
Amending Legislation H.B. 399
Related Statutes North Carolina General Statutes Section 105-129.015
Application Must contact state for  applications and instructions
Application Process Apply for the state and federal credits separately.
Annual State Cap Not 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 Credit The 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.)
Recapture Same as federal
Related Documents

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

Other Information Former state mill rehabilitation tax credit rolled into this credit. Eligibility certifications for projects certified under previous mill program expire Jan. 1, 2023.
Program Sunset Date Jan. 1, 2024
Novogradac Contact Rebecca Darling
State Contact

Tim Simmons
(919) 807-6585

Mandy Bullman
(919) 807-6590

Back to top

 

North Carolina

Program North Carolina Historic Preservation State Tax Credits for Non-Income Producing Properties
Administering Agency North Carolina State Historic Preservation Office
Enacting Legislation H.B. 97
Amending Legislation Not Applicable
Related Statutes North Carolina General Statutes Section 105-129.015
Application For 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 Process These properties do not qualify for the federal credit. You must apply only for the state credit.
Annual State Cap Not 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 Credit To 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.)
Recapture Same as federal
Related Documents

Factsheet, The New North Carolina Historic Preservation Tax Credits 

Other Information The 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 Date Jan. 1, 2020
Novogradac Contact Rebecca Darling
State Contact

Tim Simmons
(919) 807-6585

David Christenbury
(919) 807-6574

Back to top

 

North Dakota

Program North Dakota Renaissance Zone Rehabilitation Tax Credit
Administering Agency State Historical Society of North Dakota
Enacting Legislation S.B. 2033
Amending Legislation Not Applicable
Related Statutes North Dakota Century Code Chapter 40-63
Application Applying for the Renaissance Zone Rehabilitation Tax Credits
Application Process Apply for the state and federal credits separately.
Annual State Cap Not Applicable
Transaction Cap $250,000
Credit Description 25 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.)
Recapture Not Applicable
Related Documents Renaissance Zone Act Tax Incentives Guideline, Renaissance Zone State Tax Incentives FAQ
Other Information

Not Applicable

Program Sunset Date Not Applicable
Novogradac Contact Thomas Boccia
State Contact

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

Back to top

 

Ohio

Program

Ohio Historic Preservation Tax Credit

Administering Agency Ohio Department of Development
Enacting Legislation H.B. 149
Amending Legislation H.B. 153; Am. Sub. H.B. 554; S.B. 235
Related Statutes Ohio Administrative Code Section 5726.52; Ohio Administrative Code Section 149.311Ohio Administrative Code Section 122: 19-1-01 to -08
Application Application, Appendix A, Appendix B, Appendix C, Amendment RequestAuthorized Representative Declaration FormRequest for Certification and Notification of Project Completion
Application Process Apply 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.)
Recapture Not 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 Documents Ohio Historic Preservation Tax Credit Pipeline Pilot Initiative, Factsheet, Program PoliciesFAQs
Program Sunset Date Not Applicable
Novogradac Contact Thomas Boccia
State Contact Lisa Brownell
(614)  446-6667

Back to top

 

Oklahoma

Program Oklahoma Investment Tax Credits for Rehabilitation
Administering Agency Oklahoma Historical Society
Enacting Legislation H.B. 3024
Amending Legislation  S.B. 1267; S.B. 1230Oklahoma S.B. 556 (introduced January 24, 2017)
Related Statutes Oklahoma Statutes Section 68-2357.41
Application To receive an application, contact Jennifer Bailey at (405) 522-4479 or email her at [email protected].
Application Process Apply for the state and federal credits simultaneously.
Annual State Cap Not Applicable
Transaction Cap Not Applicable
Credit Description 20 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.)
Recapture Not Applicable
Other Information Credits are freely transferable for five years.
Related Documents Tax Credit Rehabilitation FAQ, Letter Ruling for Application of HTC, Investment Tax Credits for Rehabilitation Fact Sheet
Program Sunset Date Not Applicable
Novogradac Contact Thomas Boccia
State Contact

Oklahoma Historic Society
Jennifer Bailey
(405) 522-4479

Back to top

 

Pennsylvania

Program Pennsylvania Historic Preservation Incentive Tax Credit Program
Administering Agency Pennsylvania Department of Community and Economic Development
Enacting Legislation H.B. 761
Amending Legislation Not Applicable
Related Statutes Not Applicable
Application Single Application For Assistance
Application Process Apply for the state and federal credits separately.
Annual State Cap $3 Million
Transaction Cap $500,000
Credit Description 25 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.)
Recapture Not 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 Documents Historic Preservation Tax Credit Guidelines
Program Sunset Date July 1, 2019
Novogradac Contact Thomas Boccia
State Contact

866-466-3972
Regional contact information

Back to top

 

Rhode Island

Program Rhode Island Historic Preservation Tax Credit Program
Administering Agency Rhode Island Historical Preservation and Heritage Commission
Enacting Legislation H. 6060
Amending Legislation H.B. 5127; Rhode Island Regulation CR 14-16; H. 6122
Related Statutes Rhode Island General Laws 44-33.6 Historic Tax Credit
Application Part 1, Part 2, Part 3, Application Checklist, Application Instructions, Application 
Application Process You must apply for the state and federal credits separately. Attach Form HTC-13 to state tax return to apply for the credit.
Annual State Cap The 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% for commercial property owners, condominiums and nonprofits; 25% if 25% 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.)
Recapture Any 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 Documents Emergency Regulation, Photographic Instructions, Potential Causes for Denial of Tax Credits, Reauthorization of the Historic Structures Tax Credit, Final Rules and RegulationsNotice 2017-02, ADV 2022-31
Other Information Not Applicable
Program Sunset Date June 30, 2023
Novogradac Contact Tony Grappone
State Contact (401) 222-2678
[email protected]

Back to top

 

South Carolina

Program South Carolina Historic Rehabilitation Tax Credit Program
Administering Agency South Carolina Department of Archives and History State Historic Preservation Office
Enacting Legislation Act No. 229
Amending Legislation Act No. 116
Related Statutes South Carolina Code of Laws Section 12-6
Application Apply using the federal application
Application Process Apply 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 Information Not Applicable
Related Documents Not Applicable
Program Sunset Date Not Applicable
Novogradac Contact Brad Elphick
State Contact Dan Elswick
(803) 896-6174

Back to top

 

South Carolina

Program South Carolina Textiles Communities Revitalization Tax Credit Program
Administering Agency South Carolina Department of Archives and History State Historic Preservation Office
Enacting Legislation Act No. 227
Amending Legislation Act No. 313, Act No. 182
Related Statutes South Carolina Code of Laws Section 12-65-10
Application Submit  a “Notice of Intent to Rehabilitate” letter.
Application Process The 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 Cap Not 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 Documents Business Income Tax Property Rehabilitation Credits, Tips for Developers of Textile Mill Projects in South Carolina
Other Information If 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 Date Dec. 31, 2019
Novogradac Contact Brad Elphick
State Contact Dan Elswick
(803) 896-6174

Back to top

 

Tennessee (Proposed)

Program Tennessee Historic Revitalization Act
Administering Agency Tennessee Department of Economic and Community Development
Enacting Legislation S.B. 678
Amending Legislation  
Related Statutes  
Application  
Application Process  
Annual State Cap $5 million
Transaction Cap $500,000
Credit Description Would mirror the federal HTC with the addition of the bonus for designated areas (which include designated Tennessee main street communities or downtown communities, federal opportunity zones, counties with populations of less than 500,000, Tier 3 or Tier 4 counties and disaster areas).
How to Claim the Credit Not Available
Bifurcated from Federal HTC? Yes
Credit Period (Compliance) One year, with five-year, carry forward.
Recapture Not Available
Other Information  
Related Documents Not Available
Program Sunset Date Not Available
Novogradac Contact Not Available
State Contact Not Available

Back to top

 

Texas

Program Texas Historic Preservation Tax Credit Program
Administering Agency Texas Historical Commission
Enacting Legislation H.B. 500
Amending Legislation H.B. 3777
Related Statutes Texas Tax Code Section 2-F-171.901; Adopted Eligibility Amendments
Application Application Guide, Part A, Part B, Part C, Amendment Form
Application Process An 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 Cap Not Applicable
Transaction Cap Not 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.)
Recapture Not Applicable
Other Information

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

Large projects can be certified in phases.

Expenses for a nonprofit corporation to rehabilitate a historic structure are ineligible for the HTC if the structure is leased to a tax-exempt entity in a disqualified lease.

Related Documents Preservation Fact Sheet, Comparison Chart, Application Flow Chart,  Title 13. Cultural Resources
Program Sunset Date Not Applicable
Novogradac Contact Michael Kressig
State Contact Texas Historical Commission
(512) 463-6100

Back to top

 

Utah

Program Utah Historic Preservation Tax Credit Program
Administering Agency Utah Division of State History  
Enacting Legislation Not available
Amending Legislation S.B. 37
Related Statutes Utah Code Section 59-10-1006
Application Part 1 and 2, Part 3
Application Process There is a two-part application process with before-project and after-project applications.
Annual State Cap Not Applicable
Transaction Cap Not Applicable
Credit Description 20 percent of qualified expenditures for buildings occupied by owners or used as residential rentals.
How to Claim the Credit The SHPO will provide a tax form once the project has been issued final approval.
Bifurcated from Federal HTC? No
Credit Period (Compliance) The credit can be carried forward five years. (Three years.)
Recapture Same as federal, but for three years.
Other Information Total 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 Documents Not Applicable
Program Sunset Date Not Applicable
Novogradac Contact Thomas Boccia
State Contact Nelson Knight
(801) 245-7244

Back to top

 

Vermont

Program Vermont Downtown and Village Tax Credit
Administering Agency

Vermont Agency of Commerce and Community Development

Enacting Legislation Act No. 183
Amending Legislation Act No. 199, Act 57
Related Statutes Vermont Statutes Chapter 32: Section 5930cc, Section 5930dd, Section 5930ee
Application Downtown and Village Center Tax Credits Guidelines and Application
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 Credit Attach 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.
Recapture Same as federal for the historic credit.
Other Information Combination 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 Date Not Applicable
Novogradac Contact Tony Grappone
State Contact Caitlin Corkins
Tax Credits & Grants Coordinator
(802) 828-3047

Back to top

 

Virginia

Program Virginia Rehabilitation Tax Credits
Administering Agency Virginia Department of Historic Resources
Enacting Legislation

H.B. 1453

Amending Legislation H.B. 2705H.B. 531 (S.B. 444); S.B. 68, Amended Regulations; H.B 1800 3-5.14; H.B. 1800 3-5.18
Related Statutes Virginia Code Section 58.1-339.2
Application Part 1, Part 2, Part 3
Application Process Apply for the federal and state credits separately.
Annual State Cap  
Transaction Cap $5 million
Credit Description

25 percent for commercial and owner-occupied residential properties.

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 Credit Use 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.)
Recapture Same as federal, except state doesn’t require ownership to remain the same for five  years.
Other Information If 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 Documents Virginia Regulations, Fee Schedule, Sample Virginia Rehabilitation Proposal
Program Sunset Date June 30, 2025
Novogradac Contact Michael Kressig
State Contact

Elizabeth Tune
(804) 482-6093

Chris Novelli
(804) 482-6097

Back to top

 

West Virginia

Program West Virginia Historic Rehabilitation Tax Credit Program
Administering Agency West Virginia Division of Arts, Culture and History
Enacting Legislation H.B. 2882
Amending Legislation H.B. 203H.B. 2493; S.B. 344; H.B. 4568
Related Statutes West Virginia Code Section 11-24-23
Application The 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 None
Transaction Cap None
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.

Phased rehabilitations authorized for any rehabilitation completed after July 1, 2022.  

How to Claim the Credit The 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.
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 Documents Residential Procedures and Checklist, Income Producing Procedures and Checklist
Other Information Providing for the use of tax credit on or after January 1, 2020
Program Sunset Date N/A
Novogradac Contact Michael Kressig
State Contact Tax Credit Coordinator
(304) 558-0240

Back to top

 

Wisconsin

Program Wisconsin Historic Preservation and Rehabilitated Tax Credit Program
Administering Agency Wisconsin Economic Development Corporation
Enacting Legislation S.B. 259; SB 668
Amending Legislation A.B. 40A.B. 4
Related Statutes Wisconsin Statutes Section 238.17
Application

Commercial Properties, Federal and State: Historic Preservation Certification Application (Parts 1-3), Application Instructions for Federal and State Combined, WEDC will send its application directly to tax credit applicants

Commercial Properties, State Only: Application Instructions for State Only, Part 1, Part 2, Part 3, Amendment

Residential properties: See the Wisconsin Tax Credits for Historic Homes information

Application Process For commercial properties, apply for the federal credit and the state credit either separately or together. Apply before starting work.
Annual State Cap Not Applicable
Transaction Cap $3.5 million per-project cap
Credit Description

20 percent for certified income-producing properties.

How to Claim the Credit Use Schedule HR
Credit Period (Compliance) Not Available
Recapture Same as federal
Related Documents Program Guidelines for CY 2021Guidelines (2014), Description of HTC program, Guidance on Per-Parcel Cap
Other Information The 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 Date Not Applicable
Novogradac Contact Michael Kressig
State Contact

Jen Davel
(608) 264-6490

Mark Buechel
(608) 264-6491

Back to top