312 Ind. Admin. Code 23-2-9

Current through December 4, 2024

Section 312 IAC 23-2-9 - "Qualified expenditures" defined

Authority: IC 6-3.1-16-15; IC 14-10-2-4; IC 14-21-1-31

Affected: IC 6-3.1-16; IC 14-21-1

Sec. 9.

"Qualified expenditures" means the expenditures for preservation or rehabilitation that are chargeable to a capital account. The term does not include costs that are incurred to do the following:

(1) Acquire a property or an interest in a property.

(2) Pay taxes due on a property.

(3) Enlarge an existing structure.

(4) Pay realtor's fees associated with a structure or property.

(5) Pay paving and landscaping costs.

(6) Pay sales and marketing costs.

312 IAC 23-2-9

Natural Resources Commission; 312 IAC 23-2-9; filed Nov 4, 1999, 10:04 a.m.: 23 IR 549; readopted filed Aug 4, 2005, 6:00 p.m.: 28 IR 3661; readopted filed Jul 28, 2011, 10:28 a.m.: 20110824-IR-312110103RFA