Income tax, state; energy-efficient equipment tax credit. (HB3125)

Introduced By

Del. Chuck Caputo (D-Oak Hill)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax; energy-efficient equipment tax credit. Grants an income tax credit for taxable years beginning on or after January 1, 2007, to taxpayers (individuals and corporations) who purchase energy-efficient equipment for heating, cooling, and electricity generation for their commercial property used in a business. The amount of the credit equals 25% of such equipment expenditures, but may not be more than $7,500 total. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/18/2007Committee
01/18/2007Presented and ordered printed 077138262
01/18/2007Referred to Committee on Finance
01/23/2007Impact statement from TAX (HB3125)