2024 Session

Budget Amendments - HB30 (Floor Approved)

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Clarify VHTC Sunset Date (language only)

Item 3-5.13 #1h

Item 3-5.13 #1h

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


Page 576, line 14, after "Virginia." insert:

"This requirement shall not apply to § 58.1-439.30 authorizing awards of Virginia housing opportunity tax credits through December 31, 2025."


(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.)