The Mississippi Department of Archives and History is responsible for the administration of the program, which provides for a state income tax credit equal to 25% of the qualified expenses of rehabilitating historic structures used for residential or business purposes.

– To be eligible, the qualified rehabilitation expenditures must exceed:
– $5,000 in the case of an owner-occupied dwelling, or
– 50% of the total basis in the property in the case of all properties other than owner-occupied dwellings.
– All work must meet the Secretary of the Interior’s Standards for Rehabilitation.
– Only rehabilitation expenditures incurred after January 1, 2006, qualify.
– Not-for-profit entities are ineligible to receive the credits.