404A.1  Property rehabilitation tax credit--eligible property.

1.  A property rehabilitation tax credit, subject to the availability of the credit, is granted against the income tax imposed under chapter 422, division II or division III, for the rehabilitation of eligible property located in this state as provided in this chapter. Tax credits in excess of tax liabilities shall be refunded as provided in section 404A.4, subsection 3.

2.  Eligible property for which a taxpayer may receive the property rehabilitation tax credit computed under this chapter includes all of the following:

a.  Property listed on the national register of historic places or eligible for such listing.

b.  Property designated as of historic significance to a district listed in the national register of historic places or eligible for such designation.

c.  Property or district designated a local landmark by a city or county ordinance.

d.  A barn constructed prior to 1937.

Section History: Recent form

  2000 Acts, ch 1194, §3, 20

Internal References

  Referred to in § 422.11D, 422.33


  Section applies to qualified rehabilitation costs incurred on or after July 1, 2000; 2000 Acts, ch 1194, §20

Previous Section 404.8

Next Section 404A.2

Return To Home index

© 2001 Cornell College and League of Women Voters of Iowa

Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/404A/1.html