Can I stack the Indiana Historic Tax Credit with the federal HTC?
Answered by AskBaily Editorial · Updated
Short answer
Yes. Indiana's Residential Historic Rehabilitation Tax Credit (IC 6-3.1-22) gives up to 20% state income-tax credit on qualified rehab of a National Register-listed or contributing property. The federal 20% Historic Tax Credit applies on income-producing certified rehabs. Combined, certified Lockerbie / Herron-Morton / Old Northside / Fountain Square owner-occupied-to-income conversions can approach 40% combined credit.
In detail
Yes. Indiana's Residential Historic Rehabilitation Tax Credit (IC 6-3.1-22) gives up to 20% state income-tax credit on qualified rehab of a National Register-listed or contributing property. The federal 20% Historic Tax Credit applies on income-producing certified rehabs. Combined, certified Lockerbie / Herron-Morton / Old Northside / Fountain Square owner-occupied-to-income conversions can approach 40% combined credit.
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