Maine State Historic Rehabilitation Tax Credit
The Maine program offers a 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.
Project cap: $5 million for each building that is a certified historic structure and placed in service per year.
- Credit must be taken in 4 equal installments with first year being year property is placed into service.
- Credit period: 3 years.
- Sunset date: Dec. 31, 2023.
100 Oliver Street
Boston, MA 02110