Virginia Historic Rehabilitation Tax Credit

Article ID: 60147  

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Virginia Historic Rehabilitation Tax Credit

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Historic Rehabilitation Tax Credit

For taxable years beginning on and after Jan. 1, 2018, the amount of the Historic Rehabilitation Tax Credit that may be claimed by each taxpayer, including carryover amounts, may not exceed $5 million for any taxable year. Taxpayers with credit amounts in excess of $5 million may carry forward the excess and claim the credit in future taxable years within the credit's current 10-year carryover period, or until the full credit is used, whichever occurs first. 


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Views: 1222 Created on: Jun 15, 2013