Historic rehabilitation tax credit; maximum amount of tax credit. Increases from $5 million to $7.5 million, beginning in taxable year 2025, the maximum amount of the historic rehabilitation tax credit, including amounts carried over from prior taxable years, that may be claimed by a taxpayer in any taxable year. This bill is identical to SB 556.

Statutes affected:
House: Prefiled and ordered printed; offered 01/10/24 24101549D: 58.1-339.2
House: Printed as engrossed 24101549D-E: 58.1-339.2
Senate: Committee substitute printed 24108322D-S1: 58.1-339.2
House: Conference substitute printed 24108726D-H1: 58.1-339.2
House: Bill text as passed House and Senate (HB960ER): 58.1-339.2
Governor: Acts of Assembly Chapter text (CHAP0462): 58.1-339.2