Historic Tax Credits

Minnesota Historic Tax Credits

The Minnesota Legislature passed an Omnibus Tax bill that includes the reinstatement and extension of the state Historic Structure Rehabilitation Tax Credit. The final bill makes the HTC retroactive to the previous sunset date and extends it until June 30, 2030.

The Minnesota Historic Structure Rehabilitation Tax Credit offers a 20% state tax credit for qualified historic rehabilitations and matches the existing federal rehabilitation tax credit. It also offers project investors an option of a grant in lieu of a credit, whichever option best suits a developer's tax situation, in order to maximize the efficiency of the public dollars assisting the project.