Downtown and Village Center Program tax credits — historic rehabilitation tax credit

How it works

A qualified applicant of a qualified historic rehabilitation project may, with State Board approval, claim a credit against Vermont individual income tax, corporate income tax, bank franchise tax, or insurance premiums tax liability.

What the money covers

The statute says the credit applies to qualified rehabilitation expenditures as defined in federal tax law, and those costs must be properly chargeable to the federally certified rehabilitation.

Amounts and matching

• Credit amount: 10% of qualified rehabilitation expenditures.
• The page does not list a separate dollar cap for this credit.

How to apply

Approval by the State Board is required before the credit can be claimed.

Timing and deadlines

The statute page does not state an application deadline or filing window.