Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2014

1.610 -Historic Buildings Rehabilitation Credit

Item DescriptionFY2012 FY2013 FY2014
1.610 Historic Buildings Rehabilitation Credit
If a structure is listed on the National Historic Register and has been substantially rehabilitated in keeping with its historical character, it may qualify for this credit. To qualify, the project must be certified by the Massachusetts Historical Commission, which determines the amount of qualifying expenditures. Filers may claim up to 20% of their qualified rehabilitation expenditures. Credits may be carried forward for up to 5 years. The expenditure for this item (combined with business filers claims, item 2.610) Chapter 131 of the Acts of 2010 extended the availability of the credit for an additional to December 31, 2017, with an annual cap of $50 million. The credits may be sold or transferred to another taxpayer.

Origin:  M.G.L. c. 62, S. 6 J, Ch. 464 of the Acts of 2004, St. 2006, c. 123, S. 51 and 65
Estimate:  $4.4
4.2 4.4 4.4


IRCFederal Internal Revenue Code (26 U.S.C.)
U.S.C United States Code
M.G.L. Massachusetts General Laws
Rev. Rul.; C.B. Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES All estimates are in $ millions.

top of page link top of page