Port Tax Credits Guidelines
During the 2011 Session, the Virginia General Assembly passed legislation that created three port income tax credits:
As part of this legislation, the Department of Taxation was mandated to develop guidelines carrying out certain provisions of these credits. To increase government transparency and facilitate the development process, we have updated our guideline process to include an initial 30-day comment period prior to drafting the guidelines, as well as a 60-day comment period immediately after a public draft has been distributed. The initial comment period begins June 6, 2011 and will continue through July 6, 2011. Please submit any comments to: email@example.com.
You can view a description and work plan for these guidelines on the Port Tax Credit Guidelines website. Draft guidelines, public comments, and other information will be posted on this website in the future.