For taxable years beginning before January 1, 2021, the Green Job Creation Tax Credit allows a credit against the Virginia individual or corporate income tax for each new green job that pays an annual salary of at least $50,000 that is created within the Commonwealth by the taxpayer. The amount of the annual credit for each new green job will be $500 for each job with an annual salary of $50,000 or more.

Call Jeff Reed at 434.738.2544 or 434.265.2382 with questions pertaining to incentives.

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