Legislation Would Extend Virginia HTC Annual Taxpayer Cap

Thursday, January 17, 2019 - 9:30am

Legislation was introduced in the Virginia legislature this week to permanently extend the state’s $5 million-per-taxpayer cap on its historic tax credit. The cap was in effect for 2017 and 2018, but expired Jan. 1. HB 2705 would extend that cap permanently. The Virginia credit is for 25 percent of eligible expenses.