Virginia Historic Preservation Tax Credit

The Virginia Historic Preservation Tax Credit is a financial incentive offering tax credits to property owners who restore and rehabilitate certified historic buildings. This program encourages the preservation of Virginia's architectural heritage by reducing the cost of renovations through tax savings. Homeowners and businesses can receive credits equal to a percentage of their qualified restoration expenses, which can then be applied to state income taxes. By supporting these projects, the program aims to promote economic development, job creation, and the conservation of historic structures throughout the state.