Maryland · Historic · MD-HIST-001
Historic Revitalization Tax Credit
Publication revised September 24, 2026. Sourcebook page 136.
Credit amount / calculation
Percentage of qualified rehabilitation expenditures; program track and annual allocation vary.
Business fit and eligible activity
Certified historic mills and industrial properties can qualify. Eligible property rehabilitation or redevelopment; not the cost of wood supplied to someone else's project.
Eligibility and practical use
A wood-products business can qualify by rehabilitating an eligible historic building. The credit does not require mass timber and does not pay for logging machinery or ordinary production equipment. The building and rehabilitation must satisfy the applicable program track. Page
Illustrative business benefit
Use-of-credit illustration, not an estimated award: assume the agency or completed tax form establishes a $1,000 credit for the qualifying activity described above. If sufficient eligible tax is due, a $1,000 credit available for current use reduces that tax by $1,000. If annual limits allow only $600, that is this year's saving; the other $400 survives only if the carryforward or transfer rules permit. Obtain the actual program calculation before estimating a project benefit.
Timing / first action
Seek approval before signing a purchase order, contract, lease or other binding commitment. Confirm the exact point at which a purchase order, contract, lease, or other binding commitment would make the project ineligible.
Official sources
- mht.maryland.gov — Tax Credits for Historic Revitalization (mht.maryland.gov)
Related programs
Job Creation Tax Credit
Generally
Forest-products manufacturers adding qualifying Maryland jobs can receive per-job credits.
One Maryland Tax Credit
Up to
Qualifying Tier 1 county projects with jobs and investment can earn a large credit.
Research and Development Tax Credit
10% of eligible excess Maryland research
Maryland manufacturers can apply annually for a capped state credit, production, routine quality control and an equipment purchase alone do not qualify.
Clean Electricity Investment Credit (Internal Revenue Code §48E)
Generally
Potentially relevant when a forest-products facility owns qualifying zero-emission generation or energy-storage property.
Credit for Increasing Research Activities (Internal Revenue Code §41)
Regular research-credit method
A sawmill, secondary manufacturer or biomass business can qualify when it performs genuine technological experimentation to improve a product or process.
Rehabilitation Credit (Internal Revenue Code §47)
Generally
A forest-products company rehabilitating a certified historic mill or industrial building for income-producing use may qualify.