Combined heat and power facilities; incentives. (SB505)
Introduced By
Sen. Frank Wagner (R-Virginia Beach)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Combined heat and power facilities; incentives. Provides that combined heat and power facilities that meet the output and efficiency qualifications for the federal combined heat and power tax credit are eligible for a performance incentive of 200 basis points for the first portion of service life. Such combined heat and power facilities are declared to be certified pollution control equipment and facilities, which are exempt from state and local taxation pursuant to Article X, Section 6 (d) of the Constitution of Virginia. Amends § 56-585.1, § 58.1-3660, of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
History
- 01/11/2012 Prefiled and ordered printed; offered 01/11/12 12100408D
- 01/11/2012 Referred to Committee on Commerce and Labor
- 01/30/2012 Continued to 2013 in Commerce and Labor (16-Y 0-N) (see vote tally)
- 01/31/2012 Impact statement from SCC (SB505)
- 11/30/2012 Left in Commerce and Labor
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