Ill. Admin. Code tit. 17 § 4150.20

Current through Register Vol. 48, No. 43, October 25, 2024

Section 4150.20 - Definitions

a) The definitions set forth in Section 20 (j-1) of the Revenue Act of 1939 will apply throughout this Part.

b) The following definitions will apply throughout this Part in lieu of those set forth in the Act:

1) "Rehabilitation period" means the period of time necessary to renovate, restore, preserve or rehabilitate an historic building which commences on the first day of construction.

2) "Substantial rehabilitation" means a rehabilitation project that provides a visible community benefit that enhances or improves the condition of the historic building and involves at a minimum, the exterior of the historic building.

Ill. Admin. Code tit. 17, § 4150.20