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Virginia State HTC Temporarily Capped

Wednesday, March 29, 2017 - 10:45AM

Virginia Gov. Terry McAuliffe last week signed S.B. 1034, which limits the annual state historic tax credit (HTC) to $5 million for each of the next two years, effective July 1. The Virginia state HTC previously had no statewide cap. The bill applies to calendar years 2017 and 2018.

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