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

√
 Introduced
√
 Passed Committee
√
 Passed House
√
 Passed Senate
☐
 Signed by Governor
√
 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, of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed

History

  • 12/20/2007 Committee
  • 12/20/2007 Prefiled and ordered printed; offered 01/09/08 084433676
  • 12/20/2007 Referred to Committee on Finance
  • 01/12/2008 Impact statement from TAX (HB139)
  • 01/15/2008 Assigned Finance sub: 3
  • 02/04/2008 Reported from Finance with substitute (22-Y 0-N) (see vote tally)
  • 02/04/2008 Committee substitute printed 081920676-H1
  • 02/05/2008 Read first time
  • 02/06/2008 Read second time
  • 02/06/2008 Committee substitute agreed to 081920676-H1
  • 02/06/2008 Engrossed by House - committee substitute HB139H1
  • 02/07/2008 Read third time and passed House BLOCK VOTE (99-Y 0-N)
  • 02/07/2008 VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
  • 02/07/2008 Communicated to Senate
  • 02/08/2008 Constitutional reading dispensed
  • 02/08/2008 Referred to Committee on Finance
  • 02/15/2008 Impact statement from TAX (HB139H1)
  • 02/20/2008 Reported from Finance (16-Y 0-N) (see vote tally)
  • 02/21/2008 Constitutional reading dispensed (40-Y 0-N)
  • 02/22/2008 Read third time
  • 02/22/2008 Passed Senate (40-Y 0-N)
  • 02/25/2008 Enrolled
  • 02/25/2008 Bill text as passed House and Senate (HB139ER)
  • 02/26/2008 Signed by Speaker
  • 02/27/2008 Impact statement from TAX (HB139ER)
  • 02/28/2008 Signed by President
  • 03/06/2008 Governor's recommendation received by House
  • 03/06/2008 Placed on Calendar
  • 03/06/2008 Governor's substitute printed 082968802-H2
  • 03/07/2008 House concurred in Governor's recommendation (97-Y 0-N)
  • 03/07/2008 VOTE: --- ADOPTION (97-Y 0-N)
  • 03/08/2008 Enacted, Chapter (effective 7/1/08)
  • 03/08/2008 Senate concurred in Governor's recommendation (40-Y 0-N)
  • 03/08/2008 G Governor's recommendation adopted
  • 03/08/2008 Reenrolled
  • 03/08/2008 Reenrolled bill text (HB139ER2)
  • 03/08/2008 Signed by Speaker as reenrolled
  • 03/08/2008 Signed by President as reenrolled
  • 03/08/2008 Enacted, Chapter 482 (effective 7/1/08)
  • 03/14/2008 G Acts of Assembly Chapter text (CHAP0482)