Legislation

Title: Historic Revitalization Tax Credit – Substantial Rehabilitation – Threshold Amount
Sponsored by: Delegates Carr and Lehman
Status: In the House - Hearing 1/26 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering the definition of "substantial rehabilitation" for purposes of eligibility for the historic revitalization tax credit program by reducing the threshold amount from $5,000 to $2,500 for certain homeowners who receive the State homeowners' property tax credit during a certain period of time; and applying the Act to all taxable years beginning after December 31, 2021.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber House Calendar Date 1/13/2022 Legislative Date 1/13/2022 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/13/2022 Legislative Date 1/13/2022 Action Hearing 1/26 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Historic Revitalization Tax Credit – Substantial Rehabilitation – Threshold Amount Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/13/2022	1/13/2022	First Reading Ways and Means
House	1/13/2022	1/13/2022	Hearing 1/26 at 1:00 p.m.
			Text - First - Historic Revitalization Tax Credit – Substantial Rehabilitation – Threshold Amount

File Code

Subjects

Statutes