1998 Session

Budget Amendments - HB30 (Committee Approved)

Shipyard Tax Credit Limit (language only)

Item 4-12.01 #3h

Item 4-12.01 #3h

Effective Date
3: Miscellaneous & Part 4: General Provisions)

Page 416, after line 12, insert:
§9.  Notwithstanding the provisions of House Bill 1348 as it may be adopted by the 1998 session of the Virginia General Assembly, the amount of credit granted against withholding taxes for qualified shipbuilders shall be limited to $8.0 million the first year that the credit is in effect."

(This amendment is self-explanatory.)