rehabilitation tax credit

rehabilitation tax credit definition - business

rehabilitation tax credit

The federal tax credit for expenses incurred in the renovation, restoration, and reconstruction of certain buildings. The credit is calculated as a percentage of costs for rehabilitation of buildings placed in service prior to 1936 and buildings certified as historic structures.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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