In
addition to the Montgomery County Historic Preservation
Tax Credit, the state of Maryland offers a tax credit
to owners of historic properties. This tax credit
program is administered by the Maryland
Historical Trust,
and provides a 20% income tax credit for interior and
exterior rehabilitation of a “certified heritage structure.”
To qualify for the Maryland tax credit, properties must
be listed on the National
Register of Historic Places and/or
locally-designated, such as Master Plan historic sites
and districts. More information can be found on their website.
PLEASE
NOTE:
Applications for the State Tax Credit are due in ADVANCE of the work.
Federal
Tax Credits
Jointly
managed by the National
Park Service
and the Internal
Revenue Service,
Federal Historic Preservation Tax Incentives are administered
in partnership with the Maryland
State Historic Preservation Office,
and reward private investment in rehabilitating historic
buildings.
To qualify for a Federal
Historic Preservation Tax Incentive,
buildings must be income-producing properties listed on
the National
Register of Historic Districts.
The
Secretary of the Interior, under the administration of
the National
Park Service,
created Standards
for Rehabilitation that are accepted by Montgomery County as guidelines to
preserve a historic property. For appropriate preservation
procedures, visit the National Park Service's Preservation
Briefs.
For
more information, please visit the Federal
Historic Preservation Tax Incentives
website.
Print
Help
Translate
