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Maryland Historical Trust Small Commercial Tax Credits Now Available

Jun 24 2021

Maryland Historical Trust Small Commercial Tax Credits Now Available

What's NewThe Maryland Historical Trust’s Maryland Historic Revitalization Tax Credit Program is accepting applications for small commercial projects (projects of $500,000 or less) on a first-come, first-served basis until the program cap is reached. Eligible projects may earn a state income tax credit equal to 20 percent of qualified rehabilitation expenditures.

Small commercial rehabilitations are defined as projects that do not exceed $500,000 in total qualified rehabilitation expenses. The credit is capped at $50,000 in a 24-month period and must have a minimum of $5,000 of eligible expenses to qualify.

Read more about eligibility and the application process on the Small Commercial Tax Credit webpage.

If you have questions about the application process or eligible expenses, please contact tax credit staff:

  • Kate Jaffe, Administrator, Preservation Financial Incentives, at 410-697-9537 or [email protected]
  • Dana Marks, Preservation Officer, Preservation Financial Incentives, at 410-697-9551 or [email protected]