2006 Special Session I

Budget Amendments - HB5002 (Conference Report)

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Coalfield Employment Tax Credit (language only)

Item 457 #1c

Item 457 #1c

Central Appropriations
Central Appropriations

Page 390, line 45, after “value”, insert:
“for credits earned in taxable years beginning before January 1, 2002, and 85 percent of face value for credits earned in taxable years beginning on and after January 1, 2002”.
Line 46, after “10”, insert “or 15”.

(This amendment corrects language to reflect the portion of the coalfield employment enhancement tax credit revenue stream that goes to the Virginia Coalfields Economic Development Authority in current law.)