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Bill proposes tax credit increase for wineries

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The tax credit Virginia gives to wineries would be doubled under a bill approved Friday by a House subcommittee.

 Del. Scott Garrett, R-Lynchburg, sponsored HB 1194 which would allow farm wineries and vineyards to claim a tax credit up to $500,000 for equipment they purchase after Jan. 1, 2013.

 The bill is similar to one Garrett sponsored last year, initiating a $250,000 tax credit for wineries.

 

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