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Maryland Historical Trust Historic Revitalization Tax Credit COMPETITIVE COMMERCIAL CERTIFICATION APPLICATION PART 1 EVALUATION OF SIGNIFICANCERevised 8/1/2023MHT Project Number (MET office use only)

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How to fill out historic revitalization tax credit

01

Start by gathering information about the historic property you wish to revitalize.

02

Determine if the property is eligible for the historic revitalization tax credit by checking with the relevant government agency or department.

03

Obtain the necessary forms and documentation required to apply for the tax credit.

04

Fill out the forms completely and accurately, providing all the requested information and supporting documentation.

05

Submit the completed application to the appropriate government agency or department for review and processing.

Who needs historic revitalization tax credit?

01

Developers and property owners who are seeking to revitalize historic properties.

02

Businesses looking to renovate and restore historic buildings for commercial use.

03

Government entities or non-profit organizations involved in historic preservation efforts.

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What is historic revitalization tax credit?

Historic revitalization tax credit is a tax incentive program that encourages the rehabilitation and preservation of historic buildings.

Who is required to file historic revitalization tax credit?

Property owners or developers who undertake qualified rehabilitation projects on historic properties are required to file for historic revitalization tax credit.

How to fill out historic revitalization tax credit?

To fill out historic revitalization tax credit, property owners or developers need to provide detailed information about the rehabilitation project, costs incurred, and any other relevant documentation.

What is the purpose of historic revitalization tax credit?

The purpose of historic revitalization tax credit is to promote the revitalization of historic buildings, preserve cultural heritage, and stimulate economic development.

What information must be reported on historic revitalization tax credit?

The information that must be reported on historic revitalization tax credit includes details of the rehabilitation project, qualified expenses, and supporting documentation.

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