Date of Application________________
FORM NNCRPTA-1
APPLICATION FOR CERTIFICATION
NEWPORT NEWS COMMERCIAL REHABILITATION PROPERTY TAX ABATEMENT
1. Name of Firm
Address
Authorized Representative
Phone
2. Address of Property Undergoing Commercial Rehabilitation
3. Date Rehabilitation Begun (Date of Issue of Building Permit)
4. Date Rehabilitation Completed (Date of Final Certificate of Occupancy or Final
Inspection)
FORM CRPTA-1, Page 2
5. Assessed Value of Improvements (Building, not Land) in Tax Year That
Rehabilitation Began (Tax year begins on July 1--Example: April 1, 2011 is
in Tax Year 2010/11;
October 1, 2011 is in Tax Year 2011/12)
6. Amount of Eligible Rehabilitation Costs (for definition of “Eligible
Rehabilitation Costs” see attached).
7. Gross square feet of building space prior to renovation: ________________________
8. Amount of building space, if any, added by renovation: _________________________
9. Attach one of the following:
a. A list of Eligible Rehabilitation Costs certified by a Certified Public Accountant
b. Itemized receipts of bills paid for Eligible Rehabilitation Costs
c. A copy of the list attached to Form EZ-RPIG in response to Item II.3 of that form
d. A copy of the Virginia Department of Housing and Community Development’s
Certificate of Qualification for the Enterprise Zone Real Property Improvement
Tax Credit
e. An audited summary operating statement of the corporate or partnership owner
(the company), supported by a detailed general ledger statement attested by an
officer of the company, and subject to random verification by a representative of
the City
Of the above, (d) is the most preferred, if available, with (a) or (c) being next most
preferred.
I HEREBY CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE, ALL INFORMATION PRESENTED ABOVE IS CORRECT.
______________________________________
Owner or Firm’s Authorized Representative
Definition of Eligible Rehabilitation Costs
Commercial Rehabilitation Real Estate Property Tax Abatement
Eligible Rehabilitation Costs are those costs incurred, after the issuance of a building permits for all
work, by the owner or tenant in a building located in Newport News, Virginia that is at least twenty
(20) years old (15 if within an Enterprise Zone) for the renovation or rehabilitation of that building.
Eligible Rehabilitation Costs include expenditures associated with any exterior, interior, structural,
mechanical or electrical improvements necessary to expand (up to 50% of original floor space) or
rehabilitate a building for commercial or industrial use. Eligible Rehabilitation Costs include:
demolition
carpentry
sheetrock
plaster
painting
ceilings
floors
fixtures
electrical
plumbing
HVAC
doors and windows
fire suppression systems
roofing and flashing
exterior repair
cleaning and cleanup
excavations
grading and paving
installing driveways and sidewalks
landscaping or land improvements
sustainability/energy efficiency improvements
related to any of the items above
Eligible Rehabilitation Costs do not include:
the cost of acquiring any real property or building;
the cost of furnishings, machinery or equipment;
appraisal, architectural, engineering, surveying, and interior design fees;
loan fees, points, or capitalized interest;
legal, accounting, realtor, sales and marketing, or other professional fees;
closing costs, permits, user fees, zoning fees, impact fees, and inspection fees;
bids, insurance, signage, utilities, bonding, copying, rent loss, or temporary facilities incurred
during construction;
utility connection or access fees;
outbuildings;
the cost of any well or septic or sewer system; and
roads.
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