Maryland SB946 amends the Historic Revitalization Tax Credit program, adjusting credit amounts, eligibility criteria, and procedures for commercial.

Maryland SB946 modifies the Historic Revitalization Tax Credit program by altering credit amounts, eligibility criteria, and procedures for commercial rehabilitations and small commercial projects. It sets specific credit limits for different types of projects, including commercial rehabilitations, Level and Level opportunity zone projects, and small commercial projects. The bill also outlines recapture provisions for unused credits and establishes criteria for the issuance of initial and supplemental credit certificates.

Maryland SB946 amends the Historic Revitalization Tax Credit program, adjusting credit amounts, eligibility criteria, and procedures for commercial.

Maryland SB946 modifies the Historic Revitalization Tax Credit program by altering credit amounts, eligibility criteria, and procedures for commercial rehabilitations and small commercial projects. It sets specific credit limits for different types of projects, including commercial rehabilitations, Level and Level opportunity zone projects, and small commercial projects. The bill also outlines recapture provisions for unused credits and establishes criteria for the issuance of initial and supplemental credit certificates.