The Maryland Historical Trust is now accepting applications for the Small Commercial Tax Credit. 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 and are not used for more than 75 percent residential rental purposes. 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.
Application instructions and documents are posted to the MHT website.
