Friday, March 11, 2016

McAuliffe vetoes coal tax credit bill

(AP) — Gov. Terry McAuliffe has vetoed legislation extending coal-related tax credits, saying they haven't worked to protect coal mining jobs.

McAuliffe told reporters after vetoing the legislation Friday that the coal tax credits have been a costly failure, robbing the state of hundreds of millions of dollars.

The legislation would extend coal-tax related credits, which are due to expire soon, for several years.

Both chambers of the General Assembly approved the legislation by veto-proof margins, but McAuliffe also said he's confident he has convinced enough Democrats in the Senate to change their minds and help him uphold his veto.

Republicans said they are disappointed with the governor and said the credits are vital to the state's struggling coal-producing regions.

Lawmakers will reconvene in April to take up the governor's veto.