Income tax; credit for electric energy facility producing electricity from livestock waste nutrient. (HB1341)

Introduced By

Del. Todd Gilbert (R-Woodstock)

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 on or January 1, 2010, in any county or city that has a current five-year annual average unemployment rate of at least 11 percent, and (ii) part of an electric energy facility producing electricity primarily from agricultural livestock waste nutrients in such county or city.

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

DateAction
01/22/2010Committee
01/22/2010Presented and ordered printed 10104172D
01/22/2010Referred to Committee on Finance
01/26/2010Assigned Finance sub: #3
02/04/2010Impact statement from TAX (HB1341)
02/09/2010Subcommittee recommends continuing to 2011
02/10/2010Continued to 2011 in Finance