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Which of the following statements regarding the rehabilitation credit is false ? After 2017, the credit is available only for costs incurred to rehabilitate certified
Which of the following statements regarding the rehabilitation credit is false?
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After 2017, the credit is available only for costs incurred to rehabilitate certified historic structures.
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The credit is claimed only in the year in which the rehabilitated property is placed in service.
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The credit equals 20 percent of qualified rehabilitation costs.
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The credit is intended to encourage businesses to undertake urban renewal projects.
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