(a) The projected qualified rehabilitation or development expenditures must occur during a period not to exceed eighteen (18) months.
(b) For the rehabilitation or development of an existing structure, the projected qualified rehabilitation or development expenditures must equal or exceed the adjusted basis of the existing structure, excluding the land, before the qualified rehabilitation or development work begins.
Section: Previous 26-51-2402 26-51-2403 26-51-2404 26-51-2405 26-51-2406 26-51-2407 26-51-2408 26-51-2409 26-51-2410 26-51-2411 26-51-2412 NextLast modified: November 15, 2016