Downtown Martinsburg
At a Glance: Historic Rehabilitation Income Tax Credits
  Private Residences Depreciable Buildings
State credit available Yes Yes
Federal credit available No Yes
State credit 20% 10%
Federal credit 20%
State credit Listed Listed or eligible to be listed
Federal credit Listed or eligible to be listed
State credit 20% of assessed value of the building $5,000 or more than the adjusted basis, whichever is greater
Federal credit $5,000 or more than the adjusted basis, whichever is greater