Income tax, state; historic rehabilitation tax credit. (HB1111)

Introduced By

Del. Mark Cole (R-Fredericksburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax; historic rehabilitation tax credit. Changes the definition of "material rehabilitation" for the cost of rehabilitation expenses for owner-occupied buildings from 25 percent of the assessed value of the building for local real estate tax purposes to a flat $10,000 for taxable years beginning on and after January 1, 2008. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2008Committee
01/09/2008Prefiled and ordered printed; offered 01/09/08 088063468
01/09/2008Referred to Committee on Finance
01/15/2008Assigned Finance sub: 3
01/20/2008Impact statement from TAX (HB1111)
02/12/2008Left in Finance