N.M. Admin. Code § 4.10.9.8

Current through Register Vol. 35, No. 21, November 5, 2024

Section 4.10.9.8 - ELIGIBILITY

A. All cultural properties, after having been listed on the register, are eligible properties for the purpose of the state income tax credit program. cultural properties listed on the register include:

(1) all properties listed individually on the register; and,

(2) all properties located within the boundaries of districts listed on the register and determined to be contributing to that district; structures located in uninventoried districts shall be certified as contributing or non-contributing by the committee according to information supplied in "Application: State Income Tax Credit for Registered Cultural Properties, Part 1," and the recommendations of the division.

B. Any restoration, preservation or rehabilitation executed prior to the listing of the property on the register or that does not comply with 4.10.9 NMAC is not eligible for the income tax credit program.

N.M. Admin. Code § 4.10.9.8

1/21/94; 4.10.9.8 NMAC - Rn, 4 NMAC 10.9.8, 1/1/08