The Maryland Historical Trust is now accepting applications for more than $10 million in Sustainable Communities Tax Credits for commercial rehabilitation projects in eligible communities. The deadline for commercial project applications is September 15, 2010.
The Sustainable Communities Rehabilitation Tax Credit is available for commercial (income-producing) properties including office, retail, rental housing, etc. at different credit levels based on property type:
- 20% credit for “certified historic structures”
- 25% credit for “certified historic structures” that are high-performance buildings (LEED Gold certified or the equivalent)
- 10% credit for non-historic “qualified rehabilitated structures”