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Can the tax credits be claimed for new construction?

April 26, 2017claimed Construction tax credits

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Can the tax credits be claimed for new construction?

1 Answer

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No, the credits are only available for improvement made to an existing residence that would make the existing residence more resistant to loss due to hurricane, rising floodwater, or other catastrophic windstorm event and meet the criteria provided in Regulation 69-75. See Question 3 for more information on Regulation 69-75.