Tax Incentives

Do You Qualify?

Do you have an individual or corporate income tax liability in Virginia, and do you use maritime port facilities in Virginia?

If you can answer “yes” to any of the questions below for the prior calendar year, you MAY be eligible to claim one of more of the Virginia Port Tax Credits for the 2022 tax year. You may claim more than one tax credit in the same taxable year, but not for the same activity.

1. Did you take trucks off Virginia’s highways by moving more cargo by rail or barge than in the prior calendar year? If so, learn more about the Barge and Rail Usage Tax Credit
2. Did you move 5% more cargo through a public or private port facility in Virginia than in the prior calendar year and either make a capital investment in a facility or increase jobs as a result of the increased trade activity? If so, learn more about the International Trade Facility Tax Credit
3. Did you move 5% more cargo through a public or private port facility in Virginia than in the prior calendar year and engage in the manufacturing of goods or the distribution of manufactured goods, are an agricultural entity or a mineral or gas entity? If so, learn more about the Port Volume Increase Tax Credit

Verify Cargo Volumes

Cargo Verification Page
Virginia Tax Incentives Cargo List Template Instructions