IC 4-4-37-5: "Qualified expenditure"

Sec. 5. (a) As used in this chapter, "qualified expenditures" means expenditures for preservation or rehabilitation that are chargeable to a capital account and limited for a project to the exterior of a building.

(b) The term does not include costs that are incurred to do the following:

(1) Acquire a property or an interest in a property.

(2) Pay taxes due on a property.

(3) Enlarge an existing structure.

(4) Pay realtor's fees associated with a structure or property.

(5) Pay paving and landscaping costs.

(6) Pay sales and marketing costs.