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2024 SESSION
24104717DBe it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 15.2-943.2 as follows:
§ 15.2-943.2. Creation of local historic district.
A. Any locality, or combination of localities, may by ordinance, or in the case of multiple localities by substantially similar ordinances, establish within the boundaries of such locality one or more historic districts for the purpose of increasing awareness and support for historic conservation in the locality. The locality may provide incentives for the conservation and renovation of certified historic structures in each district. The locality may also grant tax incentives and provide certain regulatory flexibility in each historic district. As used in this section, "certified historic structure" means a property listed individually on the Virginia Landmarks Register or certified by the Director of the Department of Historic Resources as contributing to the historic significance of a historic district that is listed on the Virginia Landmarks Register or certified by the Director of the Department of Historic Resources as meeting the criteria for listing on the Virginia Landmarks Register.
B. Each locality may grant tax incentives for each historic district for up to 10 years and may include (i) reduction of permit fees, (ii) reduction of user fees, and (iii) reduction of any type of gross receipts tax. The extent and duration of such incentive proposals shall conform to the requirements of the Constitutions of Virginia and of the United States.
C. Each locality may also provide for regulatory flexibility in each historic district that may include (i) special zoning for the historic district; (ii) permit process reform; (iii) exemption from ordinances; and (iv) any other incentive adopted by ordinance, which shall be binding upon the locality for a period of up to 10 years.