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Article 3H – Mill Rehabilitation Tax Credit

This Article expired January 1, 2015, for rehabilitation projects for which an application for an eligibility certification was submitted on or after that date.  To claim a tax credit for rehabilitating a historic mill facility, an application for an eligibility certification must have been submitted to the State Historic Preservation Officer before January 1, 2015.  Eligibility certifications obtained under this Article expire January 1, 2015.  Eligibility certifications under this Article expire January 1, 2023.

Individuals claiming the credit for rehabilitating an income-producing historic mill facility Article 3H shall enter qualified rehabilitation expenditures in the year the credit is taken on Line 10a and the credit amount on Line 10b of Form D-400TC.

Individuals claiming the credit for rehabilitating a nonincome-producing historic mill facility Article 3H shall enter rehabilitation expenses in the first year the credit is taken on Line 11a and the installment amount of the credit on Line 11b of Form D-400TC. The credit is claimed in five equal installments beginning with the taxable year in which the property is placed in service.

Important: Any unused portion of either tax credit may be carried forward for the succeeding nine years. Complete Form D-400TC, Part 3, Line 14, to claim tax credits carried over from a previous tax year, if any.

More information about the credit for rehabilitating a historic mill facility