2024 Session

Budget Amendments - HB29 (Conference Report)

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Clarify VHTC Sunset Date (language only)

Item 3-5.14 #1c

Item 3-5.14 #1c

Adjustments and Modifications to Tax Collections
Sunset Dates for Income Tax Credits and Sales and Use Tax Exemptions


Page 233, line 14, after "Assembly," insert:

"to the Virginia housing opportunity tax credit under Article 13.4 (§ 58.1-439.29 et seq.) of Chapter 3 of Title 58.1 of the Code of Virginia,".


(This amendment ensures the Virginia Housing Opportunity Tax Credit will expire at the end of 2025, consistent with the provisions in the Code of Virginia establishing the program.)