VA SB678 | 2011 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 22 2010 - 25% progression, died in committee
Action: 2010-12-02 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Income tax credits; electric energy facility producing electricity primarily from agricultural livestock waste nutrients. Establishes individual and corporate income tax credits for energy property under §48 (a) of the U.S. Internal Revenue Code of 1986, as amended, that is (i) placed in service in the Commonwealth on or after January 1, 2010, and (ii) part of an electric energy facility producing electricity primarily from agricultural livestock waste nutrients. The amount of the credit would be equal to the amount of the energy credit allowed for the taxable year under §48 of the U.S. Internal Revenue Code of 1986, as amended, for placing such energy property in service.

Tracking Information

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Title

Income tax; credit for electric energy facility producing electricity from livestock waste nutrient.

Sponsors


Roll Calls

2010-02-09 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-04 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-03 - Senate - Senate: Reported from Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2010-12-02 House: Left in Appropriations
2010-03-01 House: Continued to 2011 in Appropriations by voice vote
2010-03-01 House: Subcommittee recommends continuing to 2011 by voice vote
2010-02-26 House: Subcommittee recommends no action by voice vote
2010-02-23 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources
2010-02-17 House: Referred to Committee on Appropriations
2010-02-17 House: Read first time
2010-02-17 House: Placed on Calendar
2010-02-09 Senate: Read third time and passed Senate (40-Y 0-N)
2010-02-08 Senate: Read second time and engrossed
2010-02-04 Senate: Constitutional reading dispensed (40-Y 0-N)
2010-02-03 Senate: Reported from Finance (15-Y 0-N)
2010-01-22 Senate: Referred to Committee on Finance
2010-01-22 Senate: Presented and ordered printed 10104298D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.12:0(n/a)See Bill Text

Virginia State Sources


Bill Comments

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