Virginia Regulatory Town Hall
Department of Taxation
Guidance Document Information
Title Updated Port Volume Increase Tax Credit Guidelines
Document ID Corporate/Individual
Summary During the 2019 Session, the Virginia General Assembly enacted Senate Bill 1652 (2019 Acts of Assembly, Chapter 759), which allows Port Volume Increase Tax Credits issued in taxable years beginning on and after January 1, 2018, but before January 1, 2022 to be transferred for use by another taxpayer as long as such transfer occurs within one year from the date the original credit earner received an allocation of credits.
Effective Date 1/6/2021
pdf View document text     Posted On 1/6/2021                 Document on Town Hall
Explanation or Citations See 2019 Senate Bill 1652

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