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2018 Session

Budget Amendments - SB30 (Floor Approved)

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Coalfield Employment Enhancement Tax Credit (language only)

Item 473 #1h

Item 473 #1h

Central Appropriations
Central Appropriations

Language

Page 410, line 20, strike "90 percent of face value for credits earned".

Page 410, line 21, strike "in taxable years beginning on January 1, 2002, and".

Page 410, line 21, strike "for credits".

Page 410, line 22, strike "earned in taxable years beginning on or after January 1, 2002".

Page 410, line 23, strike "10 or".

Page 410, line 23, strike "Coalfields Economic Development Authority" and insert:

"Virginia Coalfield Economic Development Authority".



Explanation

(This amendment implements the provisions of House Bill 665, 2018 Session of the General Assembly, related to the Coal Employment and Production Incentive Tax Credit and the Coalfield Employment Enhancement Tax Credit.)