Passed BothConf. Cmte
- Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability
- Sponsored by
- Delegates Lierman, Ivey, Krimm, J. Lewis, R. Lewis, Lisanti, Mosby, Qi, Smith, Terrasa, and Washington
- In the House - Hearing 3/08 at 1:00 p.m.
- Fiscal and Policy Note
Authorizing an additional 5% tax credit under the heritage structure rehabilitation tax credit program for certain commercial rehabilitations that qualify as opportunity zone projects; altering the definition of "small commercial project" to include certain residential units sold as part of a development project and certain targeted projects; making the credit transferable and refundable under certain circumstances; requiring the Governor to appropriate at least $20,000,000 for the tax credit reserve fund; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2019
Bill imposes a mandated appropriation in the annual State Budget Bill
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( 5A-303 )
Last Updated: 2/3/2020 2:31 PM