normal rehabilitation period
Defined in 1 place of the United States Code.
For purposes of subparagraph (A), the term “normal rehabilitation period” means the period reasonably expected to be required for the rehabilitation of the building—
(i) beginning with the date on which physical work on the rehabilitation begins (or, if later, the first day of the first taxable year to which an election under this subsection applies), and
(ii) ending on the date on which it is expected that the property will be available for placing in service.
Source
- 1994–present26 U.S.C. § 47Internal Revenue Code · Rehabilitation credit · for purposes of this section