Indiana Code 6-3.1-17.1-4. “Qualified rehabilitation expenditure”
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Terms Used In Indiana Code 6-3.1-17.1-4
- qualified historic structure: means any building that is:
Indiana Code 6-3.1-17.1-3
- qualified rehabilitation expenditure: means the costs and expenses incurred by a qualified taxpayer in the restoration and preservation of a qualified historic structure that are defined as a qualified rehabilitation expenditure in Section 47(c)(2) of the Internal Revenue Code. See Indiana Code 6-3.1-17.1-4
- qualified taxpayer: means the owner of a qualified historic structure or any other person who may qualify for the federal rehabilitation tax credit allowable under Section 47 of the Internal Revenue Code. See Indiana Code 6-3.1-17.1-5
Sec. 4. As used in this chapter, “qualified rehabilitation expenditure” means the costs and expenses incurred by a qualified taxpayer in the restoration and preservation of a qualified historic structure that are defined as a qualified rehabilitation expenditure in Section 47(c)(2) of the Internal Revenue Code.
As added by P.L.236-2023, SEC.67.