Tax Reform Series 37 – Rehabilitation Credit

Plain Language of Change:

  • The rehabilitation credit is limited to 20 percent of qualified rehabilitation expenditures (QREs) of the taxpayer for qualified rehabilitated buildings and is claimed ratably over a five-year period beginning in the tax year in which the rehabilitated building is placed in service

  • The building must be a certified historic structure

  • The 10 percent rehabilitation credit for QREs with respect to qualified rehabilitated buildings placed in service before 1936 that are not certified historic structures is eliminated

  • Applicable for amounts paid or incurred after December 31, 2017 with transition rules for projects in process

Detailed Analysis of Rehabilitation Credit

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