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Credit Worthy News

Connecticut Needs A Higher Historic Tax Credit Cap

Posted by Katherine Ferguson on Wednesday, April 26, 2017

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The Carroll Building | Waterbury, CT

Just as the case in Kentucky, Connecticut has an aggregate cap on their state historic tax credit. And the demand for these tax credit dollars far outweighs the supply. The last three years has seen funds fully reserved quickly with the last year being fulfilled in the first four months of the fiscal year. 

In the April 2017 issue of the Novogradac Journal of Tax Credits, MHA Northeast director Albert Rex takes a look at the history of the Connecticut Historic Rehabilitaiton Tax Credit program and gets insight from some of the key players in the state. 

Read the full story here | 
Connecticut Looks at Boost to Annual Cap

 

Topics: State HTC, Novogradac Journal of Tax Credits, Connecticut, Aggregate Cap