Connecticut Administrative Code › Title 10 - Education and Culture › 416b - Historic Preservation Tax Credit › Section 10-416b-1 - Definitions

Current through July 10, 2024
As used in sections 10-416b-1 to
				10-416b-12,
				inclusive, of the Regulations of Connecticut State Agencies, the following
				terms shall have the following meanings:
(1) "Affordable housing certificate" means a
			 certificate issued by the Commissioner of the department in accordance with
			 section
			 8-37lll
			 of the Connecticut General Statutes;
(2) "Assignor" means an owner or multiple
			 owners of a certified historic structure to whom the tax credit voucher is
			 originally issued by the department;
(3) "Assignee" means a holder of a tax credit
			 voucher as a result of a transfer by the assignor;
(4) "Certified historic structure" means a
			 certified historic structure as defined in section
			 10-416b
			 of the Connecticut General Statutes;
(5) "Certified Rehabilitation" has the same
			 meaning as provided in section
			 10-416b
			 of the Connecticut General Statutes;
(6) "Complex" means a property that either is
			 listed individually on the National or State Register of Historic Places or is
			 located in a district listed on the National or State Register of Historic
			 Places and that has two or more buildings that have been functionally related
			 historically;
(7) "Contributing
			 taxpayer" means a third-party taxpayer with a tax liability as set forth in
			 Chapters 207, 208, 209, 210, 211 or 212 of the Connecticut General Statutes
			 named by the assignor to receive the tax credit voucher;
(8) "Department" means the Department of
			 Economic and Community Development;
(9) "Identifiable portion of the building"
			 means an entire floor, a section of the building separated from another section
			 by an historic firewall or, in buildings with several periods of construction,
			 a section that represents a distinct period of construction;
(10) "Inspection" means an on-site visit by
			 an authorized representative of the department for the purposes of reviewing
			 and evaluating the significance of the certified historic structure and the
			 proposed, ongoing or completed rehabilitation work;
(11) "Multiple owners" means either direct
			 owners in the form of tenants-in-common or indirect owners in cases where the
			 limited liability partnership or limited liability company undertaking a
			 certified rehabilitation includes more than one person or business entity as
			 partners or members;
(12)
			 "Nonresidential use" means an identifiable portion of the building used for
			 commercial, institutional, or governmental purposes, research or manufacturing
			 facility, or occupied by a nonprofit organization;
(13) "Officer" has the same meaning as
			 provided in section
			 10-416b
			 of the Connecticut General Statutes;
(14) "Owner" means owner as defined in
			 section
			 10-416b
			 of the Connecticut General Statutes;
(15) "Phased project" means an undertaking
			 where the proposed rehabilitation work to a certified historic structure is to
			 be completed in two or more stages of development;
(16) "Placed in service" means placed in
			 service as defined in section
			 10-416b
			 of the Connecticut General Statutes;
(17) "Project" means an undertaking involving
			 rehabilitation work to a certified historic structure and any attached or
			 adjacent new construction, and associated demolition or improvements on the
			 site that may affect the historic character or significance of the certified
			 historic structure;
(18) "Qualified
			 rehabilitation expenditures" means qualified rehabilitation expenditures as
			 defined in section
			 10-416b
			 of the Connecticut General Statutes;
(19) "Rehabilitation" means the preservation
			 of an historic building, its component elements and its structural system by
			 means of repairs or selective replacement of worn out materials and alterations
			 that are consistent with the building's historic character;
(20) "Rehabilitation plan" means
			 rehabilitation plan as defined in section
			 10-416b
			 of the Connecticut General Statutes;
(21) "Registered historic district" means a
			 district that is listed on either the National or State Register of Historic
			 Places;
(22) "Residential Use"
			 means an individual apartment or condominium units located in an identifiable
			 portion of the building as well as communal facilities including, but not
			 limited to exercise rooms, laundry rooms, lounges and tenant storage
			 spaces;
(23) "Standards" means the
			 Standards for Rehabilitation as specified under section
			 10-416b-7
			 of the Regulations of Connecticut State Agencies; and
(24) "Substantial rehabilitation" means
			 substantial rehabilitation as defined in section
			 10-416b
			 of the Connecticut General Statutes.