Article 3D – Historic Rehabilitation Tax Credits

Qualified rehabilitation expenditures and rehabilitation expenses must have been incurred before January 1, 2015. The credit for rehabilitating a historic structure must be claimed in five equal installments beginning with the taxable year in which the property was placed in service.

Individuals claiming the credit for rehabilitating an income-producing historic structure Article 3D shall enter qualified rehabilitation expenditures in the first year the credit is taken on Line 8a and the installment amount of the credit on Line 8b of Form D-400TC.

Individuals claiming the credit for rehabilitating a nonincome-producing historic structure Article 3D shall enter qualified rehabilitation expenses in the first year the credit is taken on Line 9a and the installment amount of the credit on Line 9b of Form D-400TC.

Important: Any unused portion of either credit may be carried forward for the succeeding five years. Complete Form D-400TC, Part 3, Line 15 to claim tax credits carried over from previous tax years, if any.

More information about the credit for rehabilitating a historic structure