Certified Historic Structure


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Certified Historic Structure

For the purposes of the federal preservation tax incentive, any structure subject to depreciation as defined by the U.S. Internal Revenue Code that is listed individually in the National register of Historic Places, or located in a registered historic district and certified by the Secretary of the Interior as being of historical significance to the district. A structure that the U.S. National Park Service has determined is eligible to obtain a Certificate of Significance.
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The 2.57-acre site in Downtown San Antonio is within walking distance of the Riverwalk and is designated on the National Register of Historic Properties as the Goad Motor Company Building and is also a certified historic structure.
Topics will include federal and state investment tax credits for certified rehabilitation of a certified historic structure.
the certified historic structure can be registered in the National
(44) To receive this historic preservation tax credit, a taxpayer must incur eligible costs and expenses for the rehabilitation of either a "certified historic structure" or a "structure in a certified historic district." (45) A certified historic structure is a building located in Missouri that is listed individually on the National Register of Historic Places.
Conservation purposes under IRC [section] 170(h)(4)(A) are (1) preserving land for outdoor recreational use by, or education of, the general public; (2) protecting relatively natural habitats of fish, wildlife or plants; (3) preserving open space (including farmland or forest space) for scenic enjoyment of the general public or under a governmental conservation policy yielding significant public benefit; and (4) preserving a historically important land area or a certified historic structure.
170(h) (4)(A)(iv), the "conservation purpose" is defined as preserving an historically important land area or certified historic structure.
The Federal Rehabilitation Tax Credit Program allows a 20-percent deduction in income tax of the amount spent to rehabilitate a certified historic structure. Under the provisions of the Tax Reform Act of 1986, a 20-percent income tax credit is available for the substantial rehabilitation of commercial, agricultural, industrial or rental residential buildings that are certified as historic.
If the donor owns a certified historic structure, as defined in current law, there will be no deduction for the contribution of a facade easement if the property is or recently was used as a personal residence of the donor or a family member.
One gives a credit equal to 20 percent of the amount spent in rehabilitating a certified historic structure. The other gives a 10-percent credit to rehabilitate a non-historic building built before 1936.
The 2.57-acre site is within walking distance of the Riverwalk and is designated on the National Register of Historic Properties as the Goad Motor Company Building and is a certified historic structure.
According to the court, the easements preserved a certified historic structure and were granted in perpetuity; however, the court, based on expert testimony, reduced the amounts of the deductions.
Preserves a historically important land area or a certified historic structure (the historic preservation requirement); see Sec.

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