Working for a Florida Historic Tax Credit
House Bill 499 and its companion Senate Bill 288 provide Florida with a proven tax incentive to protect historic places, strengthen community and
support economic development
About the Tax Credit:
Called the Main Street Historic Tourism and Revitalization Act, this bill creates a Florida historic tax credit, helps revitalize Florida Main Street communities, supports heritage tourism, creates good paying jobs and brings vacant and underused historic buildings back to life.
Florida Trust CEO Melissa Wyllie discusses the tax credit with 2022 House Sponsor Michelle Salzman.
The Main Street Historic Tourism and Revitalization Act is filed as House Bill 499 and Senate Bill 288. It provides a tax credit of up to 20 percent of total eligible costs for rehabilitation of a certified historic structure and a tax credit of up to 30 percent of total eligible costs for rehabilitation of a certified historic structure that is physically located within the official district boundaries of an active, certified Florida Main Street community.
Tax credits have proven to be effective tools for revitalizing historic places, providing affordable housing and supporting economic development.