Full Compliance or Interim Control
Full compliance means that all dangerous levels of lead are removed, while interim control indicates that lead has been effectively controlled. Homeowners can get credit for $1,500 for full compliance, or $500 for interim control.
Type of Property
Any residential property, either tenant occupied or owner occupied.
The property must have been inspected by a licensed expert and found to have lead paint. A licensed de-leader must complete the lead paint removal, and the property must be inspected afterward to confirm lead removal.
To receive the tax credit, the owner must file a letter with the department of revenue for each deleaded property once the work is complete. They must also submit the letter of full compliance or interim control.