159.11 FEDERAL TAX CREDITS.
   Once a Historic District Construction Permit has been granted for an existing structure, the property owner may proceed with the construction, reconstruction, alteration, renovation, or rehabilitation items included in the Application as approved. After the issuance of such Historic District Construction Permit, the owner may apply for any deduction or accelerated depreciation that may be allowed in accordance with applicable provisions of the Economic Recovery Act of 1981 and the Tax Reform Act of 1976. Federal law shall control any such determination.
(Ord. 2196-10. Passed 3-22-10.)