General Assembly passes Lopez bill to extend Green Jobs Tax Credit

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FOR IMMEDIATE RELEASE:

March 7, 2018

Contact: Jason Stanford, 571-336-2147, DelALopez@house.virginia.gov


General Assembly passes Lopez bill to extend Green Jobs Tax Credit

RICHMOND, Va. – Legislation extending the green jobs tax credit, sponsored by Delegate Alfonso Lopez (D-Arlington), has been passed by the Virginia General Assembly and is now on its way to Governor Northam. The green jobs tax credit allows a company that creates a new green job in Virginia with a salary of more than $50,000 to claim a $500 tax credit per job.

“Virginia has the natural and academic resources to be the leading producer of clean, renewable energy on the east coast,” said Delegate Alfonso Lopez, chair of Virginia’s Environment and Renewable Energy Caucus. “Extending this tax credit is a small step towards tapping into that potential and building a sustainable clean energy future for Virginia.”

Over the last two years, the green jobs tax credit has helped incentive and sustain hundreds of new, high-paying green jobs in every corner of the Commonwealth of Virginia – from Crozet to Fredericksburg and from Charlottesville to Danville.

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