Texas Tax Code 172.104 – Qualification
Current as of: 2024 | Check for updates
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Terms Used In Texas Tax Code 172.104
- Certified historic structure: means a property in this state that is:
(A) listed individually in the National Register of Historic Places;
(B) designated as a Recorded Texas Historic Landmark under § 442. See Texas Tax Code 172.101 - Certified rehabilitation: means the rehabilitation of a certified historic structure that the commission has certified as meeting the United States secretary of the interior's Standards for Rehabilitation as defined in 36 C. See Texas Tax Code 172.101
- Year: means 12 consecutive months. See Texas Government Code 311.005
An entity is eligible for a credit for eligible costs and expenses incurred in the certified rehabilitation of a certified historic structure as provided by this chapter if:
(1) the rehabilitated certified historic structure is placed in service on or after September 1, 2013;
(2) the entity has an ownership interest in the certified historic structure in the year during which the structure is placed in service after the rehabilitation; and
(3) the total amount of the eligible costs and expenses incurred exceeds $5,000.