Historic Buildings Preservation Credit
The Historic Buildings Preservation Credit is available to anyone who restores a historic building they own or lease in Montana.
Eligibility
The following may qualify:
- Individuals
- Corporations
- Small business corporations
- Partnerships
- Trusts and estates
Expenditures
Covers 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.