Income tax, state; deduction for energy-efficient equipment. (HB744)

Introduced By

Del. Chuck Caputo (D-Oak Hill) with support from co-patrons Del. Joe Bouchard (D-Virginia Beach), and Sen. Dave Marsden (D-Burke)

Progress

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

Description

Income tax; energy-efficient equipment deduction. Provides an income tax deduction for taxable years beginning on or after January 1, 2008, to individuals who purchase energy-efficient equipment used for heating, cooling, and providing electricity to their residences. The amount of the deduction equals 50% of such equipment expenditures, but not more than $7,500 total. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Committee
01/08/2008Prefiled and ordered printed; offered 01/09/08 084475456
01/08/2008Referred to Committee on Finance
01/15/2008Assigned Finance sub: 2
01/19/2008Impact statement from TAX (HB744)
02/12/2008Left in Finance