Income tax, state and corporate; microchip & semiconductor manufacturing & supply chain tax credits.

Summary

The measure would amend Virginia's income tax code to provide tax credits for companies involved in microchip and semiconductor production and related supply‑chain activities. It would affect corporations and potentially individual taxpayers by reducing their tax liabilities, with the goal of encouraging growth in the state's high‑tech manufacturing sector.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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