Ohio Administrative Code › Title 122:19 - Historic Preservation Tax Credit Program › Chapter 122:19-1 - General Provisions › Section 122:19-1-01 - Definitions

Current through all regulations passed and filed through July 1, 2024
Capitalized terms used in rules 122:19-1-01 to  122:19-1-08shallhavethefollowing meaning:
(A) "Amendment" means any modification to the
			 project, as described in an approved application including, but not limited to,
			 changes in applicant, scope of the project, timeline for completion, changes in
			 financing, the rehabilitation activities or end use.
(B) "Applicant" means the owner or qualified
			 lessee of a 
								historic building.
(C) "Application period" means the time
			 period established in the program policies for which an application for a
			 historic preservation tax credit may be submitted by the applicant and reveiwed
			 by the director.
(D) "Applicable
			 rehabilitation standards" means the secretary of the interior's standards for
			 rehabilitation prescribed under
			  16 U.S.C. 470, et seq., dated October 15, 1966 as
			 amended, and  36 C.F.R. 67.7, dated February 26, 1990.
(E) "Detailed scoring criteria" means the
			 attributes of historic preservation projects that are identified in the program
			 policies employed to evaluate historic preservation tax credit for the
			 appropriateness of tax credit assistance including, but not limited to, such
			 measures as the potential economic impact of the project and regional
			 distributive balance of the credits throughout the state of Ohio.
(F) "Director" means the director of the
			 development services agency of the state of Ohio.
(G) "High qualified rehabilitation
			 expenditure application" means an application submitted for a historic
			 preservation tax credit with estimated qualified rehabilitation expenditures
			 above the average of the prior five calendar years rehabilitation costs of all
			 federal historic preservation tax credit investment projects certified in the
			 state of Ohio.
(H) "Low qualified
			 rehabilitation expenditure application" means an application submitted for a
			 historic preservation tax credit with estimated qualified rehabilitation
			 expenditures at or less than the average of the prior five calendar years
			 rehabilitation costs of all federal historic preservation tax credit investment
			 projects certified in the state of Ohio.
(I) "Major factor" means the tax credits are
			 essential in the decision to rehabilitate the historic building or
			 substantially increase the investment made by the applicant in the
			 project.
(J) "Officer" or "State
			 Historic Preservation Officer" means the state historic preservation officer
			 appointed by the governor under
			  16 U.S.C 470a, dated May 26, 2000.
(K) "Program policies" means the detailed
			 guidelines for the Ohio historic preservation tax credit program approved by
			 the director.
(L) "Project" means
			 the activities to be undertaken and costs identified as part of an application
			 submitted for a historic preservation tax credit. The activities and costs
			 include both qualified rehabilitation expenditures as defined in division
			 (A)(2) of section  149.311  of the Revised Code and
			 other rehabilitation costs that do not satisfy the definition of qualified
			 rehabilitation expenditures identified in connection with the rehabilitation of
			 a historic building. Consistent with federal regulation    36 C.F.R. 67, dated
			 February 26, 1990, a project may include more than one building, such as an
			 industrial or agricultural complex, provided there is historical evidence that
			 the buildings functioned together during their time period of significance to
			 serve an overall purpose. Row houses that were designed and constructed as a
			 single building or complex shall be considered a single project provided the
			 applicant owns each building included in the application. A project may include
			 more than one historic building if the historic buildings are in close
			 proximity and rehabilitation activities and costs undertaken by the same
			 applicant under the same rehabilitation period. Each historic building in a
			 multiple building project is subject to the eligibility requirements of a
			 single historic building.
(M) "Tax
			 commissioner" means the commissioner of the department of taxation of the state
			 of Ohio.