Virginia House passes bill ending coal tax credits

Virginia News

RICHMOND, Va. (AP) — The Virginia House passed a bill Monday that would phase out two costly coal tax credits that a state investigation recently found generate economic losses for the state.

On a 54-45 vote, the chamber approved the measure from Del. Sally Hudson. The bill still must pass the Senate before it can go to the governor.

A similar measure being sponsored by a Democratic senator hasn’t yet received a vote.

The incentives are designed to encourage coal production and coal use and aid the struggling economy of southwest Virginia.

A report last year from the state’s legislative watchdog agency found that they have created a net loss for the state.

Get breaking news, weather, and sports delivered to your smartphone with the WFXR News app available on Apple and Android.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest News

More News

News Tip Form