Report of Independent Accountant on Applying the Virginia Rehabilitation Tax Credit Agreed-Upon Procedures

DHR’s Tax Credit program provides state tax credits to property owners who undertake the rehabilitation of historic buildings in compliance with the Secretary of Interior’s Standards for Rehabilitation.  Through the federal and state rehabilitation tax credit programs, property owners are given substantial incentives for private investment in preservation, resulting in enormous advantages to the public. The preservation of these structures encourages a connection to the past, enhances the identity of a community, and stimulates private investment.

Point of Contact

Chris Novelli

Tax Credit Specialist

804-482-6097