| projects. Per §13.6(f) of this title (relating
to Application Review Process), the Commission's review encompasses
the entire building and site even if other work items are not included
in a submitted project.
(23) Property--A parcel of real property containing
one or more buildings or structures that is the subject of an application
for a credit.
(24) Rehabilitation--The process of returning a building
or buildings to a state of utility, through repair or alteration,
which makes possible an efficient use while retaining those portions
and features of the building and its site and environment which are
significant.
(25) Rehabilitation plan--Descriptions, drawings, construction
plans, and specifications for the proposed rehabilitation of a certified
historic structure in sufficient detail to enable the Commission to
evaluate compliance with the Standards for Rehabilitation.
(26) Standards for Rehabilitation--The United States
Secretary of the Interior's Standards for Rehabilitation as defined
by the National Park Service in 36 CFR §67.7.
(27) Structure--A building; see also certified historic
structure. "Structure" may be used in place of the word "building,"
but all tax credit projects must involve rehabilitation of a building
as defined in §13.1(5) of this title.
(28) Tax Credit--A credit earned against either the
state franchise tax or the insurance premium tax per Chapter 172 of
the Texas Tax Code and any limitations provided therein.
|
| Source Note: The provisions of this §13.1 adopted to be effective September 11, 2014, 39 TexReg 7081; amended to be effective November 20, 2014, 39 TexReg 8987; amended to be effective November 30, 2015, 40 TexReg 8642; amended to be effective August 15, 2016, 41 TexReg 5992; amended to be effective January 2, 2018, 42 TexReg 7679; amended to be effective November 28, 2021, 46 TexReg 7874; amended to be effective April 30, 2023, 48 TexReg 2089; amended to be effective November 23, 2023, 48 TexReg 6739 |
