Virginia HB946 proposes a tax credit for eligible landlords renting affordable housing units.
Virginia HB946 establishes a tax credit for eligible landlords who rent affordable housing units. The credit applies to housing units in multifamily residential housing, single-family residences, or similar individual housing developments. Eligible landlords must comply with the Virginia Residential Landlord and Tenant Act. The credit amount cannot exceed the taxpayer's tax liability for the year and can be carried over for up to five years if unused.
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