Massachusetts Extends State Historic Tax Credit

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Tax Credit Advisor, August 2010: Massachusetts Gov. Patrick Deval has signed into law a FY 2011 budget bill that includes an extension of the state’s historic rehabilitation tax credit program. The measure extends the program by six years, through calendar 2017. The program, which is administered by the Massachusetts Historical Commission and provides a maximum 20% tax credit, has an annual volume cap of $50 million.