Indiana Code 6-3.1-22-4. “Qualified expenditures”
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Sec. 4. (a) As used in this chapter, “qualified expenditures” means expenditures for preservation or rehabilitation of a structure that enables the structure to be principally used and occupied by the taxpayer as the taxpayer’s residence.
(1) Acquire a property or an interest in a property.
(b) The term does not include costs that are incurred to do the following:
Terms Used In Indiana Code 6-3.1-22-4
- preservation: means the application of measures to sustain the form, integrity, and material of:
Indiana Code 6-3.1-22-3
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- rehabilitation: means the process of returning a property to a state of utility through repair or alteration that makes possible an efficient contemporary residential use while preserving the parts or features of the property that are significant to the historical, architectural, or archeological values of the property. See Indiana Code 6-3.1-22-5
- taxpayer: means :
Indiana Code 6-3.1-22-7
(2) Pay taxes due on a property.
(3) Enlarge an existing structure.
(4) Pay realtors’ fees associated with a structure or property.
(5) Pay paving and landscaping costs.
(6) Pay sales and marketing costs.
As added by P.L.129-2001, SEC.7.