SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2023 SESSION

  • | print version

HB 1771 Landlords, participating; increases tax credit that may be issued.

Introduced by: Rodney T. Willett | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Tax credit for participating landlords. Increases from $250,000 to $1 million the maximum amount of tax credits that may be issued to participating landlords, as defined in relevant law, each fiscal year beginning with fiscal year 2024 and provides that, in the event that the amount of the qualified requests for tax credits for such participating landlords in the fiscal year exceeds $1 million, the Department of Housing and Community Development will prorate the tax credits among the qualified applicants.


FULL TEXT

HISTORY