Massachusetts Historic Tax Credit

Massachusetts Historic Tax Credit Summary

  • Applicable against personal or corporate income tax liability
  • The credit allowable under this section shall be allowed for the taxable year in which the substantially rehabilitated property is placed in service, that is, when occupancy of the entire structure or some identifiable portion of the structure is permitted.
  • Recapture is required if, before the end of the 5-year period beginning on the date on which the qualified historic structure received final certification and was placed in service, the taxpayer disposes of the taxpayer’s interest in the structure.
  • Can be carried forward up to 5 years.