Combined Federal and State Tax Incentives Programs EXISTING PROJECTS ONLY - NO NEW PROJECTS

Public Act 38 of 2011 and Public Act 39 of 2011 terminated the state historic preservation tax credit program effective January 1, 2012. The program is no longer available to property owners and no new state tax credit applications are being accepted.

Basic Combined Credits

Basic Combined credits are non-competitive and non-capped and are equal to 5% of the projects qualified expenditures. In no case shall the combined total of federal and basic combined state historic preservation tax credits exceed 25% of the eligible rehabilitation expenses. Basic Combined projects must submit complete copies of the federal application form and all supporting documents as well as the state materials listed below. Basic Combined applications are subject to all required federal and state processing fees.

AMENDMENTS (existing projects only)

  • Two (2) copies of completed Federal Amendment application
  • One (1) copy of completed State Amendment application
  • Two (2) sets of color photos

PART 3 (existing projects only)

  • Two (2) complete Federal Part 3 application forms including original signature
  • Two (2) sets of color photos
  • One (1) Federal credit card fee payment form (optional)
  • One (1) completed State Part 3 application including pages one (1) and two (2) including the signature and tax identification number of all individuals that will be making use of the credits.
  • The State Part 3 review fee

Enhanced Credits

Enhanced credits are subject to annual caps, are competitive, and are awarded on a first come first served basis. Enhanced credits are in addition to Basic credits available. Enhanced credits are equal to up to an additional 15% of qualified expenses. In no case shall the combined total of federal, basic and enhanced combined state historic preservation tax credits exceed 40% of the eligible rehabilitation expenses (20% at the Federal level and 20% max at the State level). Enhanced Credit projects must submit complete copies of the federal application form and all supporting documents as well as the state materials listed below. Enhanced Credit applications are subject to all required federal and state processing fees.

AMENDMENTS (existing projects only)

  • Two (2) copies of completed Federal Amendment application
  • One (1) copy of completed State Amendment application
  • Two (2) sets of color photos

PART 3 (existing projects only)

  • Two (2) complete Federal Part 3 application forms including original signature
  • Two (2) sets of color photos
  • One (1) Federal credit card fee payment form (optional)
  • One (1) completed State Part 3 application including pages one (1) and two (2) including the signature and tax identification number of all individuals that will be making use of the credits.
  • The State Part 3 review fee

Special Consideration Credits

Special Consideration credits are limited to one (1) project in tax year 2009 and two (2) each year there after. There is no cap on the amount of credit available. Applicants receiving these credits are subject to a $3 million per person per year claimant limitation. Special Consideration credits are in addition to Basic credits available. Special Consideration credits are equal to up to an additional 15% of qualified expenses. In no case shall the combined total of federal, basic and special consideration combined state historic preservation tax credits exceed 40% of the eligible rehabilitation expenses (20% at the Federal level and 20% max at the State level). Special Consideration projects must submit complete copies of the federal application form and all supporting documents as well as the state materials listed below. Special Consideration project applications are subject to all required federal and state processing fees.

In 2009, Complete Special Consideration credit applications must be received by the SHPO no later than 3:00pm EST on May 1, 2009.

In subsequent years, Complete Special Consideration credit applications must be received by the SHPO no later than 3:00pm EST on the first, Monday of March, to be considered for a given years credits. Incomplete applications will not be considered. Application fees and materials will not be returned.

AMENDMENTS (existing projects only)

  • Two (2) copies of completed Federal Amendment application
  • One (1) copy of completed State Amendment application
  • Two (2) sets of color photos

PART 3 (existing projects only)

  • Two (2) complete Federal Part 3 application forms including original signature
  • Two (2) sets of color photos
  • One (1) Federal credit card fee payment form (optional)
  • One (1) completed State Part 3 application including pages one (1) and two (2) including the signature and tax identification number of all individuals that will be making use of the credits.
  • The State Part 3 review fee

Included below are the various forms and instructions that describe Michigan's Combined Tax Credit program. Links to other relevant sites are also included.