Daily Tax Report: State
March 30, 2021, 5:00 a.m.
listen
The governor of Virginia signed an exemptions act on March 25th for the administration of the Southwest Virginia Energy Research and Development Authority, the Virginia Solar Energy Development and Energy Storage Authority, and the Offshore Wind Development Authority for excise, corporate and property tax purposes. The law contains measures: 1) the authorities should perform essential government functions and exempt from taxation their property, income and business, including acquired or used property; and 2) stating that the regulations of the Southwest Virginia Energy Research and Development Authority will expire on July 1, 2029 and the regulations of the Virginia Solar Energy Development and Energy Storage Authority …
© 2021 The National Affairs Bureau, Inc.
All rights reserved