Virginia weighs massive tax breaks for poor areas

The Virginia Basic Meeting has superior laws that might give company and revenue tax breaks to new corporations that find within the state’s poorer areas.

Each chambers handed their model of the laws this week with broad bipartisan help.

The laws would supply new corporations and their staff tax breaks for 10-years for finding in particular economically depressed counties and cities.

Supporters say such dramatic incentives are wanted to assist lure companies that would not in any other case find in such areas. The revenue tax break is capped at $250,000 a yr.

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