Virginia House, Senate pass bills to eliminate costly coal tax credits
RICHMOND â Both chambers of the General Assembly have passed legislation this week to eliminate the controversial coal tax credits, making it all but certain that the costly business incentive will end after attempts in past years to retain it as a financial lift for far Southwest Virginia. A critical report from the legislatureâs watchdog agency found that the tax credits â among the stateâs largest â generated economic losses for the state, making it hard for legislators to justify the programâs continuance. The House of Delegates passed the bill to do away wit...
Source: roanoke.com