Terry introduces bill to expand the Maine Historic Rehabilitation Tax Credit
AUGUSTA - Rep. Mo Terry, D-Gorham, legislation Tuesday that would expand the Maine Historic Rehabilitation Tax Credit (HTC) and establish a weatherization tax credit.
Maine's current HTC offers a 25% refundable credit for certified commercial rehabilitation projects. For projects that include affordable housing, there is an additional 5% tax credit. The program also offers a small project credit of $50,000 to $250,000 for qualified rehabilitation expenses.