California State Historic Tax Credit
Historic Tax Credit is funded in current budget!
The California Historic Tax Credit (CA HTC)/state historic tax credit has been fully funded for 2022. The $50 million program will be administered by the Office of Historic Preservation (OHP) and the California Tax Credit Allocation Committee (CTCAC).
Governor Gavin Newsom signed SB451, the state historic tax credit bill, into law on October 9, 2019. Senate President pro Tempore Toni Atkins authored the bill with sponsorship from the California Preservation Foundation and the American Institute of Architects California Council. California joins more than 35 states that have passed historic tax credit bills, providing incentives for investment in local economies and the rehabilitation of historic buildings that reflect the character of communities.
OHP and CTCAC are currently developing regulations, guidelines, and application forms.
It is anticipated that a public hearing will be scheduled in October as part of the formal regulatory rulemaking process.
Regulations for the program and its implementation are expected to be completed by the end of the year (late December/early January) with the application process commencing in early 2022.
To be kept apprised of updates as well as more specific information about the program as it becomes available, check this webpage and/or sign up for the OHP email list.