Virginia House Bill 1668 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 9 2023 - 25% progression, died in committee
Action: 2023-02-07 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Historic rehabilitation tax credit; increase. Increases from $5 million to $10 million, beginning in taxable year 2023, 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. In addition, should the taxpayer incur expenses toward the rehabilitation of a certified historic structure in a locality that has a designated enterprise zone, as defined in the Code, the taxpayer may claim up to an additional $10 million in any taxable year.

Historic rehabilitation; increases maximum amount of tax credit.

Del. Daniel Marshall [R]

Del. Alfonso Lopez [D]

Del. Kaye Kory [D]

Date	Chamber	Action
2023-02-07	House	Left in Finance
2023-01-13	House	Assigned Finance sub: Subcommittee #3
2023-01-09	House	Referred to Committee on Finance
2023-01-09	House	Prefiled and ordered printed; offered 01/11/23 23102574D

Chapter	Article	Section	Citation Type	Statute Text
58	1	339.2	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB1668
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1668+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1668F161+PDF