The state historic tax credit offers up to 20% tax credit for qualified remediation expenses (QRE’s). In order to be eligible to receive the state tax credit, the property must be listed on the National Register, be eligible for listing on the National Register, or be part of a Historic District.
At the Cherrytree Group we specialize in New England Historic tax credits with a local focus on Massachusetts HTC.
The federal historic rehabilitation tax credit amounts to 20% of Qualified Remediation Expenses (QREs) for eligible properties. In order for the property to be eligible, the building must be an income producing property that is listed on the National Register, part of a Historic District, or eligible for listing on the National Register.
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