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New Virginia law sets up stakeholder process to diversify coal region's economy – Appalachian Voices


Posted April 19, 2021 at 11:48 am
CONTACT:
Chelsea Barnes, Legislative Director, chelsea@appvoices.org, 614-205-6424
Governor Northam has signed into law a bill, passed by the General Assembly during the 2021 session, that ends decades-old tax credits for the coal industry and establishes a stakeholder process to inform economic development and transition in Southwest Virginia. The governor signed the bill on Thursday.
Ending the credits, which cost Virginia an average of $35 million annually in the past decade, was precipitated by a state report that found they were generating state losses and not incentivizing coal mining or the use of Virginia-produced coal as originally intended. ....

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