Amount of Credit

Official source

The amount of the credit is determined by the Secretary. The credit is generally equal to 25% of the total qualified renovation expenses incurred in connection with the qualified renovation of a cranberry bog during the taxpayer’s taxable year. The Secretary will not approve a credit in excess of $100,000 for any taxpayer for any taxable year.

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Amount of Credit

Official source

The amount of the credit is determined by the Secretary. The credit is generally equal to 25% of the total qualified renovation expenses incurred in connection with the qualified renovation of a cranberry bog during the taxpayer’s taxable year. The Secretary will not approve a credit in excess of $100,000 for any taxpayer for any taxable year.