Historic Buildings Preservation Credit


The Historic Buildings Preservation Credit is for anyone who restores a historic building they own or lease in Montana.

Eligibility

Individuals, corporations, small business corporations, partnerships, trusts, and estates.

Expenditures

Qualified rehabilitation expenditures as provided in 26 U.S.C 47 and as it may be amended.

Benefit

25% of the federal credit allowed. This is a non-refundable credit.

Carry Over

This credit may be carried forward up to seven years.

Forms

You must attach Federal Form 3468, Investment Credit to your return.

Related Laws

15-30-2342 and 15-31-151, MCA

ARM 42.4.29