The Rehabilitation Tax Credit

    By William Fletcher Machen

    The Rehabilitation Tax Credit

    The Rehabilitation Tax Credit

    By William Fletcher Machen

    The Rehabilitation Tax Credit will help with your first application, allocation, closing, property – whichever role brings you to this industry.

    The Rehabilitation Tax Credit

    By William Fletcher Machen

    The Rehabilitation Tax Credit

    The Rehabilitation Tax Credit

    By William Fletcher Machen

    The Rehabilitation Tax Credit will help with your first application, allocation, closing, property – whichever role brings you to this industry.
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    Section 47 of the Internal Revenue Code of 1986, as amended (the “Code”), allows taxpayers to claim a credit (the “Rehabilitation Tax Credit”) for certain expenses incurred in connection with the rehabilitation of older or historic buildings. The amount of the credit is 20 percent of the “qualified rehabilitation expenditures” incurred in connection with a “certified rehabilitation” of a “certified historic structure” or 10 percent of the qualified rehabilitation expenditures incurred with respect to a nonresidential building placed in service before 1936.

    A certified historic structure is a building that either is listed as such in the National Register of Historic Places (the “National Register”) or is located in a “registered historic district” and is certified by the Secretary of the Interior (the “Secretary”), acting through the National Park Service (the “NPS”), as being of historic significance to the district.

    A registered historic district includes any district listed in the National Register, as well as a district statutorily designated by a state or local government, provided that the relevant statute has been certified by the Secretary as incorporating proper criteria for substantially achieving the purpose of preserving and rehabilitating historically significant buildings, and the district is certified by the Secretary as satisfying substantially all of the requirements for the listing of districts in the National Register.

    Product Details

    Sponsors

    Forum on Affordable Housing and Community Development

    Publishers

    ABA Book Publishing

    ISBN

    9781634252201

    Page Count

    50

    Product Code

    5530030

    Trim Size

    6x9 Paperback

    Publication Date

    6/15/2015 12:00:00 AM

    Sponsors

    Forum on Affordable Housing and Community Development

    Publishers

    ABA Book Publishing

    ISBN

    9781634252218

    Page Count

    62

    Product Code

    5530030EBK

    Publication Date

    6/29/2015 12:00:00 AM

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