Maryland heritage preservation tax credit program

Loans are available to nonprofit organizations , local jurisdictions , individuals and businesses to assist with the preservation of heritage tourism resources and the enhancement of heritage attractions and visitor services located within a Heritage Area. The maximum loan commitment made for any specific project is limited by available funds. Refinancing will not be considered part of the project cost. Acquisition fee title of real property, interest other than fee title i.

Tax Credits In addition to grants and loans, heritage tourism projects may also qualify for special tax credits. These Maryland Heritage Area Program benefits are in addition to the more standard tax credits offered by the state for qualified rehabilitation work on qualified historic structures. Skip to Main Content. Menu Menu. Local partners operating within Heritage Areas may be eligible for a variety of benefits designed to support economic development through heritage tourism, including grants, tax credits and loans.

Together, MHAA, the Heritage Areas and local partners support the economic well-being of Maryland's communities by promoting, sustaining and creating place-based experiences for visitors and residents alike. Skip to Main Content. This session still may not look like those of years past due to Covid precautions, Preservation Maryland remains ready to be the voice of historic preservation in Annapolis.

We are hitting the ground running with a full slate of priorities in support of historic tax credits, community revitalization, preservation funding, and smart growth. Preservation professionals from across the state joined to learn about legislation that is poised to make major investments in the Historic Tax Credit from its sponsors, as well as the best strategies for advocating to ensure its passage.

Read on for programming highlights — and some of our biggest victories — in The Program : In Maryland, owners of certified historic structures are potentially eligible for to earn a 20 percent state income tax credit on qualified rehabilitation expenditures. Known collectively as the Heritage Structure Rehabilitation Tax Credit program, there are three specific historic rehabilitation tax credits currently available in Maryland:.