Code of Colorado Regulations
1504 - Department of Higher Education
1504 - Historical Society
8 CCR 1504-10 - INCOME TAX CREDIT FOR QUALIFIED COSTS INCURRED IN PRESERVATION OF QUALIFIED RESIDENTIAL STRUCTURES
- Section 1 - IMPLEMENTATION
- Section 2 - DEFINITIONS
- Section 3 - CERTIFIED LOCAL GOVERNMENTS ACTING AS REVIEWING ENTITIES
- Section 4 - APPLICATION AND REHABILITATION PLAN FOR PRELIMINARY APPROVAL OF REHABILITATION WORK
- Section 5 - APPLICATIONS FOR PRELIMINARY APPROVAL OF PRIOR COMPLETED REHABILITATION WORK
- Section 6 - RESPONSE BY REVIEWING ENTITY TO APPLICATIONS FOR PRELIMINARY APPROVAL AND REHABILITATION PLANS
- Section 7 - FUNCTIONALLY RELATED STRUCTURES
- Section 8 - QUALIFIED REHABILITATION EXPENDITURES
- Section 9 - TIME PERIOD TO COMPLETE PRELIMINARILY APPROVED WORK
- Section 10 - REQUESTS FOR FINAL APPROVAL OF COMPLETED REHABILITATION WORK
- Section 11 - REVIEWING ENTITY'S EVALUATION OF REQUESTS FOR FINAL APPROVAL AND ISSUANCE OF TAX CREDITS
- Section 12 - REPORTING TAX CREDITS
- Section 13 - APPEALS
STATEMENT OF BASIS AND PURPOSE:
House Bill 14-1311 required the establishment and promulgation of criteria and procedures by which rehabilitation of Qualified Residential Structures qualify for a tax credit. House Bill 18-1190, which amended and reauthorized the tax credit through December 31, 2029, directed the State Historical Society of Colorado to establish and promulgate criteria, as well as to promulgate rules for standards and reporting by Certified Local Governments acting as Reviewing Entities. These Rules apply to the rehabilitation of historic residential structures under CRS § 39-22-514.5; they do not apply to the rehabilitation of historic commercial structures. Projects under CRS § 39-22-514 are governed by separate rules. See8 CCR 1504-6.
The purpose of these Rules is to provide a uniform process for the State Historic Preservation Officer, State Historical Society of Colorado, and participating Certified Local Governments. This will ensure that taxpayers applying for tax credits for Qualified Residential Structures receive prompt and consistent review of proposed and completed rehabilitation work and that reporting of all tax credit certificates is timely and complete.
New rule eff. 03/17/2019.
