Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Virginia provides a tax credit of up to $1,000 per employee for businesses engaged in coal extraction or coal-related processing in Virginia's coalfield counties, supporting economic activity in Southwest Virginia.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must be engaged in coal extraction or processing in Virginia
2.Employment in a designated coalfield county
3.Credit of $1,000 per coal-industry employee
4.Must file Virginia corporation income or individual income tax
5.Credit can be used to offset tax liability
VA TAX · Virginia
One-time $1,000 per-job income tax credit for Virginia businesses creating 50+ new jobs at a single facility within a 12-month period. Credits can be carried forward 10 years, rewarding large-scale job creation in manufacturing, warehousing, corporate services, and other qualifying activities.
VEDP · Virginia
Income tax credits for Virginia businesses establishing or expanding a major business facility and creating at least 50 new jobs, with a $1,000 per qualifying job credit available over 2 years.
VA TAX · Virginia
Refundable or nonrefundable income tax credit for Virginia businesses conducting qualifying R&D. Small companies with under $5 million in Virginia R&D expenses receive a 15% refundable credit; larger companies receive a 10% nonrefundable credit on qualifying expenditures.