Monetize Your Textile Revitalization Tax Credits

State Textile Revitalization Tax Credit

Textile Revitalization and Abandoned Building tax credits are very similar in characteristics to Historic credits. These were enacted as an investment tax credit to redevelop or repurpose closed and/or non-operational buildings. Credit characteristics often include:

  • No recapture provisions
  • One-year credits or allocated as one-year credits from multi-credit streams
  • Excess credits carry forward generally for five years
  • Applicable against income tax and insurance gross premiums tax
States With Textile Revitalization Tax Credits
For more information, contact Rick Chukas

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AFFORDABLE HOUSING Units Created