2020 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Howell
Sunset Dates of Tax Credits (language only)

Item 3-5.14 #1s

Item 3-5.14 #1s

Adjustments and Modifications to Tax Collections
Sunset Dates for Income Tax Credits and Sales and Use Tax Exemptions


Page 523, line 24, after "or to the", insert "(i)".

Page 523, line 25, after "Virginia", insert "(ii) Research and Development Tax Credit under § 58.1-439.12:08, and (iii) Major Research and Development Tax Credit under § 58.1-439.12:11."


(This amendment would add § 58.1-439.12:08 (Research & Development Tax Credit) and § 58.1-439.12:11 (Major Research & Development Tax Credit) to the enumerated tax credits for which this language does not apply.)