Section 2.956. Historic structure and rehabilitation of nondepreciable historic property credits.

 

(1)   Purpose. This section clarifies the phrase "first applies . . . for projects begun after December 31, 1988" as used in the initial applicability of s. 71.07 (9m) and (9r) , Stats., as created by 1987 Wis. Acts 395 and 399 , respectively. The initial applicability is provided in section 71 of 1987 Wis. Act 395 and in section 3203 (47) (mp) of 1987 Wis. Act 399 .

(2)   Definition of "begun". In the initial applicability of s. 71.07 (9m) and (9r) , Stats., the date a project is "begun" means the date on which the physical work of rehabilitation commences. The physical work of rehabilitation commences when actual construction, or destruction in preparation for construction, commences. The term "physical work of rehabilitation," however, does not include preliminary activities such as planning, designing, securing financing, exploring, researching, developing plans and specifications, or stabilizing a building to prevent deterioration, such as placing boards over broken windows.

Emerg. cr. 12-28-88; cr. Register, June, 1989, No. 402 , eff. 7-26-89; corrections in (1) and (2) made under s. 13.93 (2m) (b) 7., Stats., Register October 2002 No. 562 ; correction in (1) made under s. 13.92 (4) (b) 7., Stats., Register August 2013 No. 692 .

Note

Section Tax 2.956 interprets ss. 71.07 (9m) and (9r) , 71.28 (6) and 71.47 (5) and (6) , Stats. Microsoft Windows NT 6.1.7601 Service Pack 1