Sec. 5. (a) As used in this chapter, “qualified expenditures” means expenditures for
preservation or
rehabilitation that are chargeable to a capital account and limited for a project to the exterior of a building.
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Terms Used In Indiana Code 4-4-37-5
- preservation: means the application of measures to sustain the form, integrity, and material of:
Indiana Code 4-4-37-4
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- rehabilitation: means the process of returning a property to a state of utility through repair or alteration that makes possible an efficient contemporary use while preserving the parts or features of the property that are significant to the historical or architectural values of the property. See Indiana Code 4-4-37-6
(1) Acquire a property or an interest in a property.
(2) Pay taxes due on a property.
(3) Enlarge an existing structure.
(4) Pay realtor’s fees associated with a structure or property.
(5) Pay paving and landscaping costs.
(6) Pay sales and marketing costs.
As added by P.L.213-2015, SEC.39.
