Virginia Historic Tax Credit Program

The Virginia Historic Tax Credit Program incentivizes the preservation of historic buildings by offering financial incentives to property owners. If you restore or rehabilitate a qualifying historic property, you can receive a state tax credit based on a percentage of the project's eligible rehabilitation costs. This program aims to encourage the rehab and reuse of historic structures, promoting economic development and maintaining Virginia's cultural heritage. The process involves project approval, qualified expenses, and a certification to claim the credit, which can then be used to reduce your state tax liability.