2015 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Carrico
Eliminate Direct GF support for Virginia Coalfield Economic Development Authority

Item 120 #3s

Item 120 #3s

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Virginia Economic Development Partnership FY2015 $0 FY2016 ($1,200,000) GF

Page 98, line 29, strike "$19,376,464" and insert "$18,176,464".
Page 99, strike line 29 through line 32.

(This amendment eliminates $1,200,000 the second year from the general fund for the Virginia Coalfield Economic Development Authority, which is contingent upon passage of legislation by the 2015 Virginia General Assembly to limit the amount of the Coalfield Employment Enhancement Tax Credit that can be claimed on any tax return. A companion amendment is included in Section 3-5.16, Coalfield Employment Enhancement Tax Credit)