Sec. 171.903. QUALIFICATION. An entity is eligible for a credit for eligible costs and expenses incurred in the certified rehabilitation of a certified historic structure as provided by this subchapter if:
(1) the rehabilitated certified historic structure is placed in service on or after September 1, 2013;
(2) the entity has an ownership interest in the certified historic structure in the year during which the structure is placed in service after the rehabilitation; and
(3) the total amount of the eligible costs and expenses incurred exceeds $5,000.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1232 (H.B. 500), Sec. 14(a), eff. January 1, 2015.
Structure Texas Statutes
Subchapter S. Tax Credit for Certified Rehabilitation of Certified Historic Structures
Section 171.9015. Eligible Costs and Expenses
Section 171.902. Eligibility for Credit
Section 171.903. Qualification
Section 171.904. Certification of Eligibility
Section 171.905. Amount of Credit; Limitations
Section 171.907. Application for Credit