During the 2011 Session, the Virginia General Assembly passed legislation that created three port income tax credits:
The Department of Taxation has published the following drafts: the Barge and Rail Usage Tax Credit Guidelines, the International Trade Facility Tax Credit Guidelines, and the Port Volume Increase Tax Credit Guidelines. As of October 19, 2011, these documents are available on the Port Tax Credit Guidelines website.
Our current guideline process allows for a 60-day comment period immediately after a public draft has been distributed. Accordingly, public comments will be accepted on this draft through December 19, 2011. Please submit any comments or questions to me via e-mail at email@example.com.