HB 155 Summary

• Increases the maximum aggregate amount of historic property rehabilitation tax credits from $60 million to $100 million.

• Extends the deadline for taxpayers to receive a certificate evidencing eligible credit from December 31, 2017 to December 31, 2030.

• Allows taxpayers to claim the tax credit if they received a written determination from the Mississippi Department of Archives and History before December 31, 2030 that their rehabilitation meets standards, even if the certificate is issued after that date.

• Maintains the existing 25% tax credit on rehabilitation costs for certified historic structures and structures in certified historic districts that meet Secretary of the Interior standards.

• Takes effect July 1, 2015.