Income tax, state; tax credit for certain biodiesel fuels producers. (HB139)
Introduced By
Del. Chris Peace (R-Mechanicsville) with support from co-patrons Del. Frank Hall (D-Richmond), Del. Matt Lohr (R-Harrisonburg), and Del. Brian Moran (D-Alexandria)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Income tax; biodiesel fuels producers income tax credit. Allows an income tax credit to biodiesel fuels producers in Virginia who produce at least two million gallons of biodiesel fuels a year. The amount of the credit is $0.01 per gallon but no more than $5,000 annually for taxable years beginning on and after January 1, 2008. Amends § 58.1-439.12:02 (“Biodiesel and green diesel fuels producers tax credit.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Passed
View Bill's History
