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 11 - REVIEWING ENTITY'S EVALUATION OF REQUESTS FOR FINAL APPROVAL AND ISSUANCE OF TAX CREDITS
Current through Register Vol. 47, No. 5, March 10, 2024
11.1 Within ninety (90) calendar days of receipt of a complete request for final approval of completed rehabilitation work, the Reviewing Entity shall review and respond to the request for approval.
11.2 The Reviewing Entity will make a final determination on the amount of the tax credit to be issued.
11.3 For a tax credit to issue, a property owner shall not have received a cumulative total of greater than $50,000 in credits for the property for which the credit is claimed within the 10-year period preceding request for final approval.
11.4 Taxpayers should retain the tax credit number specific to their project from the verification form for income tax filing purposes.