Rehabilitation tax credit definition

Rehabilitation tax credit means the federal housing tax credit applicable to rehabilitation projects utilizing federally tax‑exempt bond financing and intended to deliver up to a thirty percent subsidy, sometimes referred to as the four percent low‑income housing tax credit.
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Rehabilitation tax credit means the federal housing tax
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Examples of Rehabilitation tax credit in a sentence

  • Categorize each source under private loans, federal loans or grants, state, local or private loans or grants, deferred developer fees, and Section 42 Credits (equity investment pay-ins during construction), Historic Rehabilitation tax credit proceeds paid-in during construction, and acquisition and construction grants.

  • Notwithstanding the foregoing, for the duration that the association is under a conservatorship of the Insurance Commissioner, the independent trustees shall be appointed by, and shall serve at the pleasure of the Insurance Commissioner.The independent trustees are deemed members of PEOPLES BANK OF CARAGA-MUTUAL BENEFIT ASSOCIATION, INC.

  • If a property has received a Rehabilitation tax credit within the past 24 months.

  • Owners of properties who have not taken a Rehabilitation tax credit on the Eligible Property within the past 24 months.

  • Enter in Column B, the amount applied to the corporation business tax for the current year.Line 15 - Enter in Column A, any available credit carryforward balance from 2000 for the Historic Homes Rehabilitation tax credit.

  • A few of the urban sites that are taking advantage of the Federal Rehabilitation Tax Credit include: ◗ Over one hundred properties in the Salem City were rehabilitated using the Historic Rehabilitation tax credit for low- income housing.

  • Categorize each source under private loans, federal loans or grants, state, local or private loans or grants, deferred developer fees, LIHTC equity investment pay-ins during construction, Historic Rehabilitation tax credit proceeds paid-in during construction, and acquisition and construction grants.

  • Rehabilitation tax credit is allowed for “qualified rehabilitation expenditures” on qualified buildings.

  • Rehabilitation tax credit Table 3 reports the total amount of rehabilitation tax credits claimed since 2003.28 The data represent claims by both individuals and corporations for both the 20-percent credit for historic structures and the 10-percent credit for buildings other than historic structures.

  • Rehabilitation tax credit The Joint Committee staff recommends that the 10-percent credit for rehabilitation expenditures with respect to buildings first placed in service before 1936 should be eliminated.

Related to Rehabilitation tax credit

  • Rehabilitation Program means a written vocational rehabilitation program:

  • Rehabilitation Plan means a written plan designed to enable the Employee to return to work. The Rehabilitation Plan will consist of one or more of the following phases:

  • Rehabilitation means the repair, renovation, alteration or reconstruction of any building or structure, pursuant to the Rehabilitation Subcode, N.J.A.C. 5:23-6.

  • Certified rehabilitation means any rehabilitation of a certified historic structure

  • Rehabilitation facility means a non-residential facility that provides therapy and training rehabilitation services at a single location in a coordinated fashion, by or under the supervision of a physician pursuant to the law of the jurisdiction in which treatment is provided. The center may offer occupational therapy, physical therapy, vocational training, and special training such as speech therapy. The facility may be either of the following:

  • Rehabilitation Hospital means an Institution which mainly provides therapeutic and restorative services to Sick or Injured people. It is recognized as such if:

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Rehabilitation services means face-to-face individual or group services provided by qualified staff to develop skill necessary to perform activities of daily living and successful integration into community life.

  • Rehabilitative employment means any occupation or employment for wage or profit or any course or training that entitles the disabled employee to an allowance, provided such rehabilitative employment has the approval of the employee’s doctor and the underwriter of the Plan. If earnings are received by an employee during a period of total disability and if such earnings are derived from employment which has not been approved as rehabilitative employment, then the regular monthly benefit from the Plan shall be reduced by one hundred percent (100%) of such earnings.

  • Community rehabilitation program means a program that provides directly or facilitates the provision of one or more of the following vocational rehabilitation services to individuals with disabilities to enable those individuals to maximize their opportunities for employment, including career advancement:

  • Rehabilitative services means specialized services provided by a therapist or a therapist’s assistant to a resident to attain optimal functioning, including, but not limited to, physical therapy, occupational therapy, speech and language therapy, and audiology.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Rehabilitation counseling services means services provided by qualified personnel in individual or group sessions that focus specifically on career development, employment preparation, achieving independence, and integration in the workplace and community of a student with a disability. The term also includes vocational rehabilitation services provided to a student with disabilities by vocational rehabilitation programs funded under the Rehabilitation Act of 1973, as amended.

  • Substantial rehabilitation means, with respect to the SAIL Program, to bring a Development back to its original state with added improvements, where the value of such repairs or improvements (excluding the costs of acquiring or moving a structure) exceeds 40 percent of the appraised as is value (excluding land) of such Development before repair and less than 50 percent of the proposed construction work consists of new construction. For purposes of this definition, the value of the repairs or improvements means the Development Cost. To be considered “Substantial Rehabilitation,” there must be at least the foundations remaining from the previous structures, suitable to support the proposed construction.

  • Vocational rehabilitation services means professional services reasonably necessary during or after, or both during and after, medical treatment to enable a disabled injured employee to return to gainful employment as soon as practical. "Vocational rehabilitation services" includes vocational evaluation, retraining and job placement.

  • Qualified rehabilitation expenditures means capital

  • Input Tax Credit means the credit of input tax;

  • Habilitation means the process by which a person is assisted

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • working tax credit means a working tax credit under section 10 of the Tax Credits Act 2002;

  • Post-Distribution Tax Period means a Tax period beginning and ending after the Distribution Date.

  • goods and services tax practitioner means any person who has been approved under section 48 to act as such practitioner;

  • non-taxable territory means the territory which is outside the taxable territory;

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);