Historic Preservation Tax Credit (language only)

Item 3-5.17 #1c

Language

Page 578, line 47, insert "A.".

Page 578, line 47, after "2017," insert: ", but before January 1, 2025,".

Page 578, after line 49, insert:

"B. Notwithstanding § 58.1-339.2 or any other provision of law, effective for taxable years beginning on and after January 1, 2025, the amount of the Historic Rehabilitation Tax Credit that may be claimed by each taxpayer, including amounts carried over from prior taxable years, shall not exceed $7.5 million for any taxable year."