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1997 SESSION

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HB 2355 Income tax; tax credit for rent reductions.

Introduced by: R. Creigh Deeds | all patrons    ...    notes | add to my profiles

SUMMARY:

Income tax; tax credit for rent reductions. Allows landlords renting units to low-income tenants who resided in a domestic violence shelter or homeless shelter during the 12 months preceding the lease term to qualify for a tax credit. The tax credit is equal to 50 percent of the rent reductions allowed to such tenants. Currently, the credit is available only for rent reductions for low-income elderly or disabled tenants.


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