Rehabilitation Tax Credits for Historic Buildings

Allegany Arts Council Building, 9 North Centre Street, CumberlandThe Maryland Heritage Structure Rehabilitation Tax Credit Program is administered by the Maryland Historical Trust and provides Maryland income tax credits equal to 20% of the qualified capital costs expended in the rehabilitation of a “certified heritage structure.”  The credit is available for owner-occupied residential property (homeowner) and income-producing property (commercial). 

Applying for tax credits is a three-part process.  Applicants that have been approved have a 24-month window to complete the “qualified rehabilitation”. 

The rehabilitation must conform to the Secretary of the Interior's Standards for Rehabilitation and must be certified by the Maryland Historical Trust.

 

Important Notice

Due to the overwhelming number of tax credit applications received by the Maryland Historical Trust and extended staffing difficulties, the timeframe for a typical review is currently averaging 120 days from receipt of an application. 

While we abhor the inconvenience that this delay may be causing our applicants, it currently is unavoidable and beyond our control.  In order to be fair, we continue to review all applications on a first come, first served basis. 

Please inform the Maryland Historical Trust if, due to situations beyond your control, emergency repairs are required.

 

 

 

 

 

 

 

 

 

 

 

 

Rehabilitation Tax Credits for Homeowners

Gassaway Farm, Germantown, Montgomery County

Owners of certified heritage structures (listed in the National Register of Historic Places, or a contributing element within the boundaries of an historic district) who use the property as either a primary or secondary residence are eligible to recieve tax credits for qualified rehabilitation work.

Click here to learn if your City or County has a local tax incentive for historic preservation

Rehabilitation Tax Credits for Income-Producing Properties

Brentwood Arts Center, Prince George's County

Owners of certified heritage structures (listed in the National Register of Historic Places, or a contributing element within the boundaries of an historic district) that are income-producing (retail, offices, apartments, etc.) are eligible to recieve tax credits for qualified rehabilitation work.

Click here to learn if your City or County has a local tax incentive for historic preservation

 

This page updated: May 27, 2009