Virginia Tax Credits

Virginia Tax Credits

Historic Rehabilitation Tax Credits

Monarch Private Capital distributes Virginia historic rehabilitation tax credits. These credits are earned by real estate developers who rehabilitate historic structures in Virginia. They are difficult to obtain and typically require a year of advanced planning.

Characterizations of Virginia Historic Credits:

  • Credits are eligible against corporate and individual income taxes, bank franchise taxes and insurance company premium taxes.
  • Credits may offset 100% of the taxpayer’s liability.
  • Ten-year carry forward of unused credits.

 

Contact Peter Rourk at 919.949.2059 for more information.