Code of Colorado Regulations
1504 - Department of Higher Education
1504 - Historical Society
8 CCR 1504-6 - INCOME TAX CREDIT FOR QUALIFIED COSTS INCURRED IN PRESERVATION OF HISTORIC PROPERTIES
Section 2 - APPLICATION TO REVIEWING ENTITY

Universal Citation: 8 CO Code Regs 1504-6 ยง 2

Current through Register Vol. 47, No. 5, March 10, 2024

2.1 Application for preliminary approval of proposed rehabilitation work shall be made on the form developed by the state historical society, and available from the reviewing entity. At the time of submittal of an application form to the reviewing entity, the applicant shall also pay the initial, non-refundable $250 fee, unless the fee has been reduced or eliminated by the reviewing entity for rehabilitation work when qualified costs are less than $15,000, and shall provide plans, photographs and specifications for the proposed rehabilitation work. CRS 39-22-514(3)(a) (I)

2.2 Applications for rehabilitation work may include qualified costs already incurred prior to granting preliminary approval, provided that:

(a) The reviewing entity finds that the applicant's documentation for the already completed work demonstrates conformity with the Secretary of the Interior's Standards for Rehabilitation and any applicable local standards;

(b) The reviewing entity finds that any additional documentation requested of the applicant, including photographic documentation, demonstrates conformity with the Secretary of the Interior's Standards for Rehabilitation and any applicable local standards; and,

(c) Receipts for goods and services prove that qualified costs were for rehabilitation work performed on or after June 3, 1999 of and within the twenty-four (24) months period following commencement of the work during which the work must be completed. CRS 39-22-514(3)(a)(I).

2.3 The state historical society's application form shall include, but shall not be limited to: applicants) name, address (business and residence), and telephone number (business and residence); address of the property proposed for rehabilitation; applicant(s) status as owner or tenant; estimated, itemized costs of the proposed rehabilitation work; a description of the work to be done, as detailed in the plans and specifications; and the applicant's signed approval to allow the reviewing entity reasonable access to the property.

2.4 The state historical society's application form shall be used by each certified local government serving as reviewing entity, and shall be modified by that local government to show the name, address and telephone of that certified local government.

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