Virginia Bill Would Increase Annual HTC Transaction Cap to $10 Million

Friday, January 17, 2020 - 11:30am

A bill introduced in the Virginia House of Representatives would increase the transaction cap for the state historic tax credit (HTC) from $5 million to $10 million. H.B. 1156 would be effective Jan. 1, 2020, and would include amounts carried over from prior taxable years. The Virginia state HTC is for 25 percent of qualified rehabilitation expenses.