Source: https://mht.maryland.gov/Taxcredits_homeowner.Shtml
Timestamp: 2019-02-20 07:46:23
Document Index: 770736980

Matched Legal Cases: ['art 3', 'art 2', 'art 3', 'art 3', 'art 3', 'art 3']

Part 3 Expense Spreadsheet
Homeowners have the opportunity to earn a state income tax credit equal to 20 percent of qualified rehabilitation expenditures. The credit is capped at $50,000 in a 24-month period and must have a minimum of $5,000 of eligible expenses to qualify.
The review period runs approximately 30-45 days after MHT receives a complete application and review fee.
Please read the Homeowner Application Instructions and all supporting materials prior to filling out the application. To download and fill out the actual forms, please read the instructions below.
Part 2 certifies that the proposed project meets the Secretary of Interior's Standards for Rehabilitation
Part 3 certifies that the completed project completed project meets the Standards for Rehabilitation and the expenditures claimed are eligible for the tax credit
Part 3 Expense Spreadsheet Instructions
Part 3 Mixed Use Expense Spreadsheet
Part 3 Mixed Use Expense Spreadsheet Instructions
The building must be a single-family, owner-occupied residence, which is defined as:
A structure or a portion of a structure occupied by the owner and the owner's immediate family as their primary or secondary residence.
A residential unit in a cooperative owned by or leased to a cooperative housing corporation and leased for exclusive occupancy to, and occupied by, a member of the corporation and the member’s immediate family under a proprietary lease.
The building must be a certified historic structure, defined as having at least one of the following designations:
Be reviewed and approved by MHT prior to commencing work
The tax credit may be used for projects that return a structure to a state of utility through repair or alteration, making possible an efficient use while preserving portions and features of the structure, site and environment that are historically, architecturally or culturally significant.
​Read about one homeowner's tax credit-assisted renovation on the Our History, Our Heritage blog.
Chimney repair and lining
New storm doors/windows
Plumbing, electrical and mechanical systems
Architectural/ Engineering/ Consulting fees
Repair of historic outbuildings
Non-historic outbuildings
Carpeting over historic flooring
Curtains, blinds, rugs or other interior décor
Tool/Equipment purchases
Work that is primarily remodeling in nature
Pest control, chimney cleaning, drain cleaning, etc.
If you have questions about the application process or eligible expenses, please contact tax credit staff.
Megan Klem, Preservation Officer, at 410-697-9560
Elizabeth Totten, Preservation Officer, at 410-697-9551