Bill > HB1094

This bill establishes a Historic Homeownership Preservation Incentive Tax Credit program to encourage the rehabilitation of historic homes in Pennsylvania. The tax credit allows qualified homeowners who rehabilitate historic properties located in qualified census tracts to receive up to a 20% tax credit on qualified rehabilitation expenditures, with a maximum of $20,000 per household per fiscal year. Eligible properties must be certified historic properties, such as those listed in the National Register of Historic Places or designated by local ordinances. To receive the tax credit, homeowners must submit a rehabilitation plan to the Department of Community and Economic Development and the Pennsylvania Historical and Museum Commission, demonstrating that they will spend at least $5,000 on rehabilitation that meets federal historic preservation standards. The application process opens June 1st each year with an initial application period closing June 30th, and the total annual program is capped at $3,000,000. The program includes an annual reporting requirement to the state legislature, and taxpayers can apply for credits until February 1, 2035. The bill aims to preserve historic homes, stimulate private investment in historic properties, and revitalize neighborhoods by providing financial incentives for homeowners to rehabilitate and occupy historic buildings in economically challenged areas.

Housing and Urban Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1094