House panel advances bill ending costly coal tax credits

Virginia News
Coal Exports Military Bases_1540541175726

FILE – In this May 22, 2014, file photo, sunlight reflects off of a chunk of coal at Dominion Terminal Associates’ coal terminal in Newport News, Va. The Trump administration is considering using West Coast military bases or other federal properties as transit points for shipments of U.S. coal and natural gas to Asia. (AP […]

RICHMOND, Va. (AP) — A House panel has advanced a bill that would phase out two costly coal tax credits that a state investigation recently found generate economic losses for Virginia.

The incentives, designed to encourage coal production and coal use and aid the struggling economy of southwest Virginia, are decades old and among the state’s largest.

They’ve been a persistent political issue in recent years, with Republicans generally pushing to keep or expand them and Democrats seeking to end or limit them.

The bill advanced out of a subcommittee Tuesday on a party-lines vote.

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