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 4 - APPLICATION AND REHABILITATION PLAN FOR PRELIMINARY APPROVAL OF REHABILITATION WORK
Current through Register Vol. 47, No. 5, March 10, 2024
4.1 Application for preliminary approval of proposed rehabilitation work shall be made to the Reviewing Entity on a form developed by the Historical Society. The Historical Society's application form shall be used by all Reviewing Entities, and all Reviewing Entities shall make this form available to the public. The form shall include the applicant(s)' signed approval to allow the Reviewing Entity reasonable access to the property.
4.2 In addition to the Historical Society application form, an applicant must include a Rehabilitation Plan. The Rehabilitation Plan consists of a written description of work to be completed; construction plans and specifications; photographs of the current condition of the property; and estimated, itemized costs of the proposed rehabilitation work.
4.3 The Rehabilitation Plan must demonstrate work in conformity with the Secretary of the Interior's Standards for Rehabilitation. These standards are contained in federal regulations issued by the National Park Service, Department of the Interior, 36 Code of Federal Regulations §68.3 (current through September 27, 2018). The federal regulations are available to the public for inspection or copying at a reasonable charge at the offices of the Historical Society, 1200 Broadway, Denver, CO 80203. The federal regulations also are publicly available at https://www.nps.gov/tps/standards/rehabilitation.htm. These Rules do not include any later amendments or editions of the federal regulations or guidance.
4.4 If an application is made to a Certified Local Government, the applicant must work with the Certified Local Government to ensure that the Rehabilitation Plan addresses any requirements of local ordinances or design guidelines.
4.5 At the time an applicant submits an application and Rehabilitation Plan, the applicant shall pay a non-refundable, reasonable application fee.
4.6 For a tax credit to issue, qualified rehabilitation expenditures must exceed five thousand dollars. Projects with less than five thousand dollars in qualified rehabilitation expenditures have not engaged in substantial rehabilitation and, therefore, do not qualify for a credit.
