As of December 21, 2017, the amortization period for the County’s historic property tax credit program has been extended from five years to ten years. CB-48-2017, proposed by Councilmember Deni Taveras and introduced by the full Council, was adopted by the Prince George’s County Council on October 24, 2017 and signed into law by County Executive Rushern L. Baker, III on November 3, 2017. This new provision allows owners of historic resources who participate in the County’s program, more time to realize the property tax-based refunds available for rehabilitation or restoration expenses approved by the Historic Preservation Commission. After January 17, 2018, find updated Preservation Tax Credit application materials here.
County Council Bill CB-046-2013 enacted July 24, 2013 and signed by the County Executive August 6, 2013 increased the county's Historic Preservation Tax Credit from 10% to 25%. The credit for new construction is 10%.