Income tax; credit for electric energy facility producing electricity from livestock waste nutrient. (SB678)
Introduced By
Sen. Emmett Hanger (R-Mount Solon)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/22/2010 | Presented and ordered printed 10104298D |
01/22/2010 | Referred to Committee on Finance |
02/02/2010 | Impact statement from TAX (SB678) |
02/03/2010 | Reported from Finance (15-Y 0-N) (see vote tally) |
02/04/2010 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/08/2010 | Read second time and engrossed |
02/09/2010 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/17/2010 | Placed on Calendar |
02/17/2010 | Read first time |
02/17/2010 | Referred to Committee on Appropriations |
02/19/2010 | Impact statement from TAX (SB678) |
02/23/2010 | Assigned App. sub: Economic Development, Agriculture and Natural Resources |
02/26/2010 | Subcommittee recommends no action |
03/01/2010 | Subcommittee recommends continuing to 2011 |
03/01/2010 | Continued to 2011 in Appropriations |