Income tax, state; tax credit for waste motor oil/fluids reclamation systems. (HB1470)
Introduced By
Del. Chris Saxman (R-Staunton)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; tax credit for waste motor oil/fluids reclamation systems. Adds waste motor oil/fluids reclamation systems to the current credit for waste motor oil burning equipment that a business purchases. The credit may not exceed $5,000 annually and the effective date for the purchase of reclamation systems is for taxable years beginning on or after January 1, 2007. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/19/2006 | Presented and ordered printed 068864496 |
01/19/2006 | Referred to Committee on Finance |
01/24/2006 | Assigned to Finance sub-committee: #3 (Ware, R.L.) |
02/02/2006 | Fiscal impact statement from TAX (HB1470) |
02/15/2006 | Left in Finance |