The purpose of state and federal preservation tax incentives is to encourage private sector investment in the
rehabilitation and re-use of historic buildings and to promote investment in local economies.
If you own a certified historic property in Maryland, you may have the opportunity to earn a state
income tax credit on qualified rehabilitation expenditures. Whether you are planning to rehabilitate
your primary or secondary residence or a commercial property, there are state incentives that may help. Select a
project type for more information.
MHT will be hosting two historic tax credit workshops on the Eastern Shore in August:
Wednesday, August 1, 2018 5:30 pm City Hall 101 Clarke Ave Pocomoke City
Thursday, August 2, 2018 6:00 pm Salisbury Fire Department 325 Cypress Street Salisbury
For the past 17 years the program has played a key role in community revitalization by
supporting the rehabilitation and reuse of underutilized historic properties across the state.
The program is credited with rehabilitating about 4,400 historic buildings and creating some
25,000 jobs since its implementation in 1996. The state’s investment of about $350 million
has reached into all of Maryland’s 23 counties and the city of Baltimore. The Abell
Foundation has estimated that about 73 jobs are created for each $1 million in
tax credits and every dollar invested generates $8.53 in economic activity.
For general information about the Rehabilitation Tax Credit Program or to check the status
of your project, contact Bonnie Baden, (410) 697-9535
or Megan Klem, Preservation Officer, at 410-697-9560.