|Code Section||Effective Date||Name of Act||Name of Provision|
|1400N(h)||12/31/2009||The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010||Increase in rehabilitation credit in the Gulf Opportunity Zone|
Increase in rehabilitation credit in the Gulf Opportunity Zone
Explanation of Provision
The provision extends for two additional years the increase in the rehabilitation credit from 20 to 26 percent, and from 10 to 13 percent, respectively, with respect to any certified historic structure or qualified rehabilitated building located in the Gulf Opportunity Zone. Thus, the increase applies for qualified rehabilitation expenditures with respect to such buildings or structures incurred before
January 1, 2012.