Minnesota · Historic · MN-HIST-001
Historic Structure Rehabilitation Credit
Publication revised September 24, 2026. Sourcebook page 151.
Credit amount / calculation
State credit linked to qualified historic rehabilitation under current rules.
Business fit and eligible activity
Certified historic mills and industrial properties may qualify. Eligible property rehabilitation or redevelopment; not the cost of wood supplied to someone else's project.
Eligibility and practical use
A company buying an older industrial site should screen this credit before demolition or rehabilitation begins. Once work starts, certification options can narrow quickly. Advance certification is especially important here.
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
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