§ 1811. Statement of purpose; short title.
§ 1811. Statement of purpose; short title. (a) The General Assembly finds and declares that many properties and structures associated with Delaware’s history, and in some cases the history of this nation, have been steadily disappearing over the past 50 years, or longer. Once gone, they are gone forever, and can never be replaced. Each […]
§ 1812. Definitions.
§ 1812. Definitions. The following words, terms and phrases, when used in this subchapter, shall have the meanings ascribed to them herein, except where the context clearly indicates a different meaning (singular includes plural): (1) “Certification of Completion,” “Completion Certificate” or “Certificate” shall mean the certificate issued by the Delaware State Historic Preservation Officer attesting that […]
§ 1813. Preservation and repair of historic structures; tax credits; sunset.
§ 1813. Preservation and repair of historic structures; tax credits; sunset. (a) Any person incurring qualified expenditures pursuant to this subchapter in the substantial rehabilitation of any certified historic property shall be entitled to a credit against bank franchise or income taxes imposed under Title 5, or under Chapter 11 or Chapter 19 of this […]
§ 1814. Preservation tax credits; distribution, transfer and assignment.
§ 1814. Preservation tax credits; distribution, transfer and assignment. (a) Any person eligible for credit under this subchapter, except a person engaged in a resident curator relationship, may transfer, sell or assign any unused credits. Any person that transfers, sells or assigns any unused portion of a tax credit shall obtain and produce to the […]
§ 1815. Preservation tax credits; procedures and administration.
§ 1815. Preservation tax credits; procedures and administration. (a) The Delaware State Historic Preservation Office is hereby established within the Division of Historical and Cultural Affairs, and shall be administered by the Delaware State Historic Preservation Officer. (b) Except where otherwise provided, the Division of Historical and Cultural Affairs may establish by regulation all requirements […]
§ 1816. Total amount of credits permitted in each fiscal year; allocation of such credits.
§ 1816. Total amount of credits permitted in each fiscal year; allocation of such credits. (a) The maximum amount of credit awards under this chapter in any fiscal year shall not exceed $5,000,000. One hundred thousand dollars of the credit awards in a fiscal year must be reserved for distribution to qualified resident curators. If […]
§ 1817. Appeals.
§ 1817. Appeals. (a) Where any taxpayer or other person who has applied for state approval or certification that a property is a certified historic property or that any repairs or improvements are certified rehabilitation, in accordance with this subchapter objects to a noncertification decision by the Delaware State Historic Preservation Officer, such person shall […]