Rehabilitation Tax Credit
Definition of "Rehabilitation tax credit"
Special tax incentive for the continued use and rehabilitation of historical buildings and old structures in an effort to arrest urban decay. Developers receive a credit based on a percentage of the cost they incur rehabilitating these structures.
Popular Real Estate Terms
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Lumber of no more than 8 inches wide and 2 inches thick. ...
Latin term meaning let the buyer beware. The buyer purchases at his or her risk, in the absence of fraud. This does not obligate the seller to volunteer information. However, legal statutes ...
A line on a map or drawing showing equal ground elevation points. See also contour map. ...
Used to compute the tax on a specified taxable income. The marginal tax rate usually increases as the taxable income rises. ...
Written acknowledgment that money has been paid by someone as a deposit into an account or for the purchase of property or services. Examples are a receipt given by the bank for a deposit ...
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