Virginia real estate investment trust definition

Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.
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Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C. 708 § 856, that has been certified by the Department as a Virginia real estate investment trust. In order to be 709 certified as a Virginia real estate investment trust, the trustee shall register the trust with the Department 710 prior to December 31, 2024, indicating that it intends to invest at least 90 percent of trust funds in 711 Virginia and at least 40 percent of trust funds in real estate in localities that are distressed or double 712 distressed. If the Department determines that the trust satisfies the preceding criteria, the Department 713 shall certify the trust as a Virginia real estate investment trust at such time as the trust actually invests 714 at least 90 percent of trust funds in Virginia and at least 40 percent of trust funds in real estate in 715 localities that are distressed or double distressed.
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Examples of Virginia real estate investment trust in a sentence

  • Income attributable to an investment in a Virginia real estate investment trust.

  • In order to claim the subtraction, the investment trust must be certified by the Department of Taxation as a Virginia real estate investment trust.

  • In order for the subtraction to be claimed on the investors’ income tax returns, the real estate investment trust in which they invest must be certified by the Department as a Virginia real estate investment trust for the taxable year during which the investment was made.

  • For taxable years beginning on and after January 1, 2019, taxpayers may claim a subtraction for income attributable to an investment in a Virginia real estate investment trust made on or after January 1, 2019 but before December 31, 2024.

  • That prior to December 31, 2018, the Department of Taxation shall develop guidelines establishing procedures implementing the provisions of this act relating to the registration and certification of a real estate investment trust as a Virginia real estate investment trust.

  • House Bill 365 (Chapter 821) amends §§ 58.1-322.02 and 58.1-402 to create a corporate income tax subtraction for certain income attributable to an investment in a Virginia real estate investment trust (“REIT”) made on or after January 1, 2019, but before December 31, 2024.

  • House Bill 365 (Chapter 821) amends §§ 58.1-322.02 and 58.1-402 to create an individual income tax subtraction for certain income attributable to an investment in a Virginia real estate investment trust (“REIT”) made on or after January 1, 2019, but before December 31, 2024.

Related to Virginia real estate investment trust

  • Real Estate Investment Trust means any corporation, trust or association qualifying and electing to be taxed as a real estate investment trust under federal law.

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • Asset management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Nonpurpose Investment means any investment property, as defined in section 148(b) of the Code, in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds.

  • Canadian Investment Manager designation means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Investment Advisor means any person or entity who is an Authorized Person to give Instructions with respect to the investment and reinvestment of the Fund's Investments.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Michigan strategic fund means the Michigan strategic fund as described in the Michigan strategic fund act, 1984 PA 270, MCL 125.2001 to 125.2094.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • ESBD means the Electronic State Business Daily, the electronic marketplace where State of Texas bid opportunities over $25,000 are posted. The ESBD may currently be accessed at http://www.txsmartbuy.com/sp.

  • Single member limited liability company means a limited liability company that has one direct member.

  • PEBB means the public employees benefits board.