Iowa Admin. Code r. 261-49.5 - Historic preservation tax credit
(1)
Tax credit . An eligible
taxpayer who has entered into and complied with an agreement under Iowa Code
section 404A.3(3) and
has complied with the program statutes and rules is eligible to claim a
historic tax credit of 25 percent of the qualified rehabilitation expenditures
of a qualified rehabilitation project that are specified in the agreement .
Notwithstanding any other provision in Iowa Code chapter 404A, this chapter, or
any provision in the agreement to the contrary, the amount of the tax credit
shall not exceed 25 percent of the final qualified rehabilitation expenditures
verified by the authority pursuant to Iowa Code section
404A.3(5)
"c."
(2)
How to claim the tax credit . To receive the tax credit , a
taxpayer shall file a claim in accordance with any applicable administrative
rules adopted by the department of revenue.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.