Increases Maine historic property rehabilitation tax credit to 35% for rural areas with housing components.
This bill increases the Maine historic property rehabilitation tax credit to 35% for certified qualified rehabilitation expenditures for certified historic structures in rural areas, provided at least 33% of the structure's square footage is for apartments, dwellings, or other living accommodations. The increased credit applies retroactively to tax years beginning on or after January 1, 2024.
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