Mississippi Administrative Code
Title 16 - History, Humanities and Arts
Part 3 - Historic Preservation Division
Chapter 5 - Mississippis State Historic Preservation Tax Incentives Program
Rule 16-3-5.2 - Eligible Projects
Universal Citation: MS Code of Rules 16-3-5.2
Current through September 24, 2024
A. To be eligible, the qualified rehabilitation expenditures must exceed:
1. $5,000 in the case of an owner-occupied
dwelling, or
2. 50% of the total
basis in the property in the case of all properties other than owner-occupied
dwellings. (Generally, basis is the purchase price, less the cost of the land,
plus any improvements already made to the property, minus the depreciation
taken on the property.)
B. All work must meet the Secretary of the Interiors Standards for Rehabilitation.
C. Only rehabilitation expenditures incurred after January 1, 2006, qualify.
D. Not-for-profit entities are ineligible to receive the credits.
Miss. Code §§ 25-59-1, 39-7-1 (1972, as amended).
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
