To benefit from the tax credit, a building must be considered historic, and facilities 50 years or older are most likely to qualify.
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1,227 of Virginia’s school buildings and facilities, more than 60 percent, are 40 years or older according to a new study ordered by Gov. Bob McDonnell and concluded at the beginning of this month. The governor last week released the results of the study that looked at all existing Virginia public school buildings, including those not currently being used.