2019 Session

Budget Amendments - SB1100 (Committee Approved)

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Port Volume Tax Credit: SB 1652 (language only)

Item 4-14 #5s

Item 4-14 #5s

Effective Date
Additional Enactments


Page 632, after line 21, insert:

"16. That, provided that the provisions of SB 1652 of the 2018 General Assembly are enacted by the General Assembly and become law, only Virginia port volume increase tax credits initially issued in tax years beginning in and after 2018 shall be transferrable."

Page 632, line 22, strike "16." and insert "17.".

Page 632, line 23, strike "and".

Page 632, line 24, after "fifteenth" insert ", and sixteenth".


(This amendment limits the transferability of Port Volume tax credits to those issued beginning in tax year 2018 and later. A companion amendment to Item 0 addresses the assumed revenue impact in FY 2020, pursuant to the second enactment of Senate Bill 1652 of the 2019 General Assembly.)