"Qualified investment" defined
Sec. 10. As used in this chapter, "qualified investment" means the
amount of the taxpayer's expenditures for rehabilitation of property
located within an industrial recovery site under a plan contained in
an application approved by the board under section 18 of this
chapter. An expenditure for purposes or by persons not covered by
such a plan may not be a qualified investment.
As added by P.L.379-1987(ss), SEC.11.
Last modified: May 28, 2006