TABLE OF CONTENTS CHAPTER 1 -INTRODUCTION
- Passive Activity Rules 1-5
- Legislative History 1-3
- General Background Regarding Credit 1-1
- Background Regarding Philadelphia District Program 1-2
CHAPTER 2 CERTIFICATION PROCESS 2-1 CHAPTER 3 CERTIFICATION REQUIREMENTS Background 3-1
- Rules Applicable to Rehabilitations of Certified Historic Structures Certification Requirements 3-3
- Court Cases 3-4
- Certification Requirements and Rules for Certified Historic Structures 3-3
- Certification Law Sections 3-3
CHAPTER 4 NON-HISTORIC CREDITS
- Wall Retention Requirements for Non-Certified Rehabs 4-4
- Non-Historic Credits Law 4-2
- Non-Certified Rehabilitations Must Be at the Location Where the Building Has Been Located Since Before 1936 4-3
- Definition and Special Rules for "Physical Work on a Rehabilitation" and Adjoining Buildings Which Were Combined 4-3
- Court Cases 4-4
CHAPTER 5 PLACED IN SERVICE
- When the Credit May Be Claimed 5-2
- Placed in Service Law 5-2
- Court Case 5-2
CHAPTER 6 SUBSTANTIAL REHABILITATION Background 6-1
- The Substantial Rehabilitation Test 6-1
- The 60-Month Alternative Test Period 6-4
- Substantial Rehabilitation Test Law 6-6
- Substantial Rehabilitation Requirements 6-7
- Multiple Overlapping Test Periods 6-4
- Court Case 6-7
- Building Versus Site for Purposes of the Substantial Rehabilitation Test 6-5
CHAPTER 7 BASIS REDUCTION REQUIRED CHAPTER 8 STRAIGHT LINE COST RECOVERY
CHAPTER 9 CREDIT RECAPTURE ON DISPOSITION
CHAPTER 10 NO CREDIT FOR ACQUISITION COSTS
CHAPTER 11 ENLARGEMENT COSTS EXCLUDED
CHAPTER 12 SITEWORK EXPENDITURES EXCLUDED
CHAPTER 13 PERSONAL PROPERTY EXCLUDED
CHAPTER 14 TAX EXEMPT USE PROPERTY
CHAPTER 15 EXPENDITURES OF LESSEE
CHAPTER 16 CONSTRUCTION INTEREST & TAXES
CHAPTER 17 PROGRESS EXPENDITURES
CHAPTER 18 FACADE EASEMENT
CHAPTER 19 DEVELOPER FEES
CHAPTER 20 PASSIVE ACTIVITY RESTRICTIONS
CHAPTER 21 SYNOPSIS OF LOW INCOME HOUSING CREDIT PROVISIONS
CHAPTER 22 CONSIDERATION OF PENALTIES
