Virginia primes itself for a tax experiment in rural areas
The General Assembly has passed — and sent to Gov. Ralph Northam for his signature — a bill by Del. Will Morefield, R-Tazewell (with help from state Sen. Bill Stanley, R-Franklin County) that offers a seven-year tax break to companies that locate in certain economically-distressed localities and create a certain number of jobs (the number varies depending on the investment). The list of those eligible includes much of Southwest and Southside Virginia, along with many localities along the Chesapeake Bay. The General Assembly also passed a bill by state Sen. [node:read-more:link]