Virginia’s historic tax credit could come under scrutiny

(RECAP: The historic tax credit has proven itself not only as a way to preserve and rehabilitate buildings, but also to breathe new life into cities and promote economic revitalization. But a bill before this year’s General Assembly had proposed to set an expiration date for the state program. The proposal was part of a broad-reaching effort to look at a variety of tax credits. It was delayed until next year, but the fact that an expiration date is on the table has developers and historians concerned about the fate of the historic tax credit program.)