Businesses that operate in energy-efficient buildings or make products that benefit the environment could receive tax incentives under a bill headed toward approval in the General Assembly.
The House has already passed HB 1565, and the Senate Finance Committee unanimously endorsed the measure on Tuesday.
The bill’s sponsor, Del. Michael Webert, R-Fauquier, said it was requested by economic development officials in his district to attract green businesses.
“The bill would authorize local governing bodies to create by ordinance one or more green development zones inside which localities would be permitted to grant tax incentives and provide certain regulatory flexibility to attract green businesses,” Webert said.
