VA HB1899 | 2021 | Regular Session
Note: Carry Foward to future HB1899
Status
Spectrum: Partisan Bill (Democrat 16-0)
Status: Engrossed on January 29 2021 - 50% progression, died in chamber
Action: 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]
Status: Engrossed on January 29 2021 - 50% progression, died in chamber
Action: 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]
Summary
Sunset of coal tax credits. Sunsets the Coal Employment and Production Incentive Tax Credit and Coalfield Employment Enhancement Tax Credit after tax year 2021 and prohibits the allocation of such credits on and after January 1, 2022. The bill provides that if credits were earned prior to January 1, 2022, the credit holder may claim the credits in subsequent tax years pursuant to the applicable carryover requirements of current law; however, such credit holders would be limited to claiming $1 million in carryover credits per taxable year. Sunset of coal tax credits. Sunsets the Coal Employment and Production Incentive Tax Credit and Coalfield Employment Enhancement Tax Credit after tax year 2021 and prohibits the allocation of such credits on and after January 1, 2022. The bill provides that if credits were earned prior to January 1, 2022, the credit holder may claim the credits in subsequent tax years pursuant to the applicable carryover requirements of current law; however, such credit holders would be limited to claiming $1 million in carryover credits per taxable year.
Title
Coal tax credits; sunset dates.
Sponsors
Roll Calls
2021-02-05 - Senate - Senate: Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-01 - House - House: VOTE: Passage (54-Y 45-N) (Y: 54 N: 45 NV: 0 Abs: 1) [PASS]
2021-01-27 - House - House: Reported from Finance with substitute (13-Y 9-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-26 - House - House: Subcommittee recommends reporting with substitute (6-Y 4-N) (Y: 6 N: 4 NV: 0 Abs: 0) [PASS]
2021-02-01 - House - House: VOTE: Passage (54-Y 45-N) (Y: 54 N: 45 NV: 0 Abs: 1) [PASS]
2021-01-27 - House - House: Reported from Finance with substitute (13-Y 9-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-26 - House - House: Subcommittee recommends reporting with substitute (6-Y 4-N) (Y: 6 N: 4 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-02-05 | Senate | Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) |
2021-02-02 | Senate | Referred to Committee on Finance and Appropriations |
2021-02-02 | Senate | Constitutional reading dispensed |
2021-02-01 | House | VOTE: Passage (54-Y 45-N) |
2021-02-01 | House | Read third time and passed House (54-Y 45-N) |
2021-01-29 | House | Engrossed by House - committee substitute HB1899H1 |
2021-01-29 | House | Committee substitute agreed to 21103740D-H1 |
2021-01-29 | House | Read second time |
2021-01-28 | House | Read first time |
2021-01-27 | House | Committee substitute printed 21103740D-H1 |
2021-01-27 | House | Reported from Finance with substitute (13-Y 9-N) |
2021-01-26 | House | Subcommittee recommends reporting with substitute (6-Y 4-N) |
2021-01-23 | House | Assigned Finance sub: Subcommittee #2 |
2021-01-08 | House | Referred to Committee on Finance |
2021-01-08 | House | Prefiled and ordered printed; offered 01/13/21 21101568D |
Same As/Similar To
HB1899 (Carry Over) 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
58 | 1 | 2626.1 | (n/a) | See Bill Text |
58 | 1 | 433.1 | (n/a) | See Bill Text |
58 | 1 | 439.2 | (n/a) | See Bill Text |