Tagged as Historic Tax Credit

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By Elly Colmers Cowan

Sine Die 2021: State Legislative Advocacy Report

The 2021 Legislative Session of the Maryland General Assembly came to a close on Monday, April 12, 2021. After 90 days of championing key bills and testifying on many other pieces of important legislation, it is safe to say that Preservation Maryland had one of its busiest legislative sessions in recent history, and everything was accomplished remotely. With Session adjourned until January 2022, we are happy to report that we were able to make significant advances for preservation and smart growth in Maryland.

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The National Park Service recently released their Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for FY 2020, and it shows that despite the unprecedented year, the federal historic tax credit was able to have a positive impact for historic communities across Maryland and around the country.

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Maryland’s Small Commercial Historic Tax Credit program has run out of money and requires immediate funding. This week, Senate and House committees will hold hearings for HB865/SB659 that would extend the life of this vital program by increasing the authorized funding amount by $1 million.

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On January 20, 2021, Governor Hogan released his FY22 budget, which retains funding for several key preservation programs.

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