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Audit commission recommends eliminating Virginia's coal tax credits

Audit commission recommends eliminating Virginia's coal tax credits

Coal piles in Wise County, July 2019. (Sarah Vogelsong/ Virginia Mercury) Virginia’s coal tax credits, some of the state’s largest economic incentives, “generate negligible economic benefits” and “no longer appear relevant” in a world where natural gas is rapidly displacing coal, the Joint Legislative Audit and Review Commission told legislators Monday morning ahead of the release of a new report on the...

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Coalfield JLARC Joint Legislative Audit and Review Commission Virginia Virginia Coal Employment and Production Incentive Tax Credit Wise County