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Introduction

SECTION 5. BINDING

Internal Revenue Bulletin 2003-24 · 2026-10-03 edition · updated 2026-10-04 · United States

COMMITMENTS

Before or in the calendar year in which a qualified revitalization building is placed in service, a commercial revitalization agency of a state may enter into a binding commitment to allocate a specified dollar amount of the commercial revitalization expenditure ceiling in the calendar year in which the building is placed in service. This allocation must be made in accordance with section 4 of this revenue procedure. A binding commitment, in and of itself, is not an allocation.

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▸Contents — Internal Revenue Bulletin 2003-24
Internal Revenue Bulletin 2003-24

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