California's 20 percent historic building tax credit is renewed for five more years
The state's 20 percent income tax credit for rehabilitating certified historic buildings is renewed for five more tax years and now capped at $5 million per taxpayer. The 25 percent bonus rate and the historic home credit are dropped, and the Legislature sets the yearly total.
Who it affects
Owners and developers rehabilitating certified historic buildings
When
This law took effect on September 27, 2026, but the changes described here start on January 1, 2027.
- : Signed into law; Law took effect
- : The changes described here start to apply
- : Historic preservation office starts taking credit applications
Official text
California AB 1265: Income taxes: credits: rehabilitation of certified historic structures.
On California Legislative Information. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.