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. 710 § 856, that has been certified by the Department as a Virginia real estate investment trust. In order to be 711 certified as a Virginia real estate investment trust, the trustee shall register the trust with the Department 712 prior to December 31, 2024, indicating that it intends to invest at least 90 percent of trust funds in 713 Virginia and at least 40 percent of trust funds in real estate in localities that are distressed or double 714 distressed. If the Department determines that the trust satisfies the preceding criteria, the Department 715 shall certify the trust as a Virginia real estate investment trust at such time as the trust actually invests 716 at least 90 percent of trust funds in Virginia and at least 40 percent of trust funds in real estate in 717 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.

  • 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

  • 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.

  • 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.

  • 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.

  • 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/esbd.

  • PEBB means the public employees benefits board.