Maryland’s Green Version of Historic Tax Credit Bill Becomes Law
(Washington Business Journal) — A Maryland tax credit program aiding developers in finding new uses for older buildings got a new infusion of green Thursday.
Gov. Martin O’Malley signed a bill earmarking $10 million for the state’s Sustainable Communities Tax Credit.
The program replaces the state’s Heritage Structure Rehabilitation Tax Credit and expands eligibility to buildings across the state that are being rehabilitated but aren’t old enough to qualify as an historic structure under the old designation.
