By Gary G. Wallace, CPA, Managing Partner
By Gary G. Wallace, CPA, Tax Partner | Manufacturing, Retail & Distribution Industry Team
The manufacturing sector was well represented by the Virginia Manufacturers Association (VMA) at Virginia’s 2016 General Assembly session. Each year, members of the VMA’s legislative team spend countless hours meeting with and informing Virginia’s legislators on matters that are important for the manufacturing sector. The VMA has provided an overview of the legislative successes and challenges in their VMA 2016 Legislative Wrap-Up Report.
Highlights
- VMA managed 534 bills out of the 3,286 bills that were introduced this session
- Taxation, environmental, education/workforce, transportation, energy, and economic development bills dominated the session
- The majority party in both the House and Senate remain supportive of VMA’s priorities
VMA will continue to seek support in legislature for the manufacturing industries top concerns, including closing the skills and career planning gaps by 2020, expanding manufacturing exports, keep energy affordable and reliable, and stop taxing technology.
About the Author
Gary G. Wallace, CPA, Managing Partner
Gary provides tax and business advisory services to business and individual clients. He has advised clients in various aspects of restructurings, including tax aspects of debt workouts and foreclosures, forgiveness of indebtedness, bankruptcy restructurings and liquidations, establishing liquidating trusts and partner-partnership transactions. Gary also has significant knowledge and experience in individual taxation, business taxation, and advising clients on all aspects of tax matters. He is the Managing Partner of the Firm.
More Insights from Gary G. WallaceThe information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.
