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. 2.
In order to qualify for the certifications required for the state historic rehabilitation tax credit, an applicant must demonstrate to the division each of the following:
(1) The historic property is listed on the register.(2) The historic structure that is the subject of rehabilitation contains at least two thousand (2,000) gross square feet on the ground floor. This information shall be submitted with a drawing of the floor plan that includes its dimensions.(3) The historic structure is at least fifty (50) years old. Originals or photocopies of the following documentation may be used to establish age: (A) Historic property surveys or inventories that indicate the age of the historic structure.(B) Articles from newspapers or periodicals that are dated to confirm the age of the historic structure.(C) Construction records.(D) Original architectural drawings.(E) Other documents or records approved by the division.(4) With respect to any measure to sustain the significant vegetative cover of the property, the measure sustains the cover in a way that preserves its significance to the property. Preservation of a vegetative cover that does not contribute to the significance of the property cannot be included in the qualified expenditure calculation.(5) Preservation or rehabilitation is performed under a plan approved by the division under section 3 of this rule.Natural Resources Commission; 312 IAC 23-3-2; filed Nov 4, 1999, 10:04 a.m.: 23 IR 551; readopted filed Aug 4, 2005, 6:00 p.m.: 28 IR 3661; readopted filed Jul 28, 2011, 10:28 a.m.: 20110824-IR-312110103RFA