April 16, 2021, 5:00 a.m.
The governor of Virginia signed a bill on April 15 that set the expiration date for the Coalfield Employment Improvement Tax Credit and Production Incentive Credit and Coalfield Employment Improvement Tax Credit after tax year 2021 and the allocation of excise tax credits on and after January 1, 2022 Prohibited The Act includes measures: 1) Allowing borrowers to obtain transfer credits if the coal employment and production incentives were earned before January 1, 2022; 2) Limit Transfer Credit Eligibility to $ 1M per tax year; and 3) instructing the Department of Mines, Minerals and Energy to convene a stakeholder process …
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