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
- Minnesota Department of Revenue — Historic Structure Rehabilitation Credit (revenue.state.mn.us)
Related programs
Credit for Increasing Research Activities
10% on the first statutory tier of excess qualified
Minnesota research by a wood-products manufacturer can qualify, and the credit became partly refundable in 2026.
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.
Clean Fuel Production Credit (Internal Revenue Code §45Z)
Per-gallon or gallon-equivalent credit based on the
Potentially relevant only if a forest-products business actually produces qualifying transportation fuel.
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.