Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 17. Libraries and Cultural Resources |
Agency 10. Department of Historic Resources |
Chapter 30. Historic Rehabilitation Tax Credit |
Section 80. Fees for processing rehabilitation certification requests
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A. Fees are charged for reviewing rehabilitation certification requests in accordance with the following schedule:
Rehabilitation Costs
Part 2 Review Fee
Part 3 Review Fee
Less than $100,000
$250
$250
$100,000 - $249,999
$500
$500
$250,000 - $499,999
$1,000
$1,000
$500,000 - $999,999
$2,000
$2,000
$1,000,000 - $1,999,999
$4,000
$4,000
$2,000,000 - $3,499,999
$5,000
$5,000
$3,500,000 - $4,999,999
$7,000
$7,000
$5,000,000 and above
$8,000
$8,000
B. The department generally completes reviews of certification requests within 30 days of receiving a complete, adequately documented application. Upon request, if the current workload at the department permits, the department may review complete, fully documented applications within five business days. The director reserves the right to refuse requests for expedited review if the current workload at the department so warrants. Fees are charged for such expedited review in accordance with the following schedule:
Rehabilitation Costs
Expedited Review Fee
Less than $100,000
$500
$100,000 - $249,999
$1,000
$250,000 - $499,999
$2,000
$500,000 - $999,999
$4,000
$1,000,000 - $1,999,999
$8,000
$2,000,000 - $3,499,999
$10,000
$3,500,000 - $4,999,999
$14,000
$5,000,000 and above
$16,000
C. Payment of fees for review of Parts 2 and 3 shall be made to the Department of Historic Resources when the applications are submitted. Certification decisions will not be issued until the appropriate remittances are received. This includes all additional fees required if the project expenses exceed the cost estimate stated in the Part 2. Payment of fees for expedited review shall be submitted with the request for expedited review, and review shall not commence until such fee is paid. Fees are nonrefundable, except in cases where the request for expedited review is refused.
D. In general, each rehabilitation of a separate certified historic structure will be considered a separate project for purposes of computing the size of the fee. Phased projects incur separate Part 3 fees for each phase.
Historical Notes
Derived from Volume 22, Issue 13, eff. April 5, 2006; amended, Virginia Register Volume 32, Issue 10, eff. February 10, 2016.
Statutory Authority
§§ 10.1-2202 and 58.1-339.2 of the Code of Virginia.