Income tax, corporate; renewable energy products tax credit. (HB998)
Introduced By
Del. Dave Nutter (R-Christiansburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; corporate; renewable energy products tax credit. Provides an income tax credit for taxable years beginning on and after January 1, 2011, but before January 1, 2016, for the production and export of renewable energy products. The credit ranges from $0.20 to $0.40 per ton of renewable energy products, depending on the current year export volume. The total amount of credits allowed annually is $6 million. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/13/2010 | Committee |
01/13/2010 | Prefiled and ordered printed; offered 01/13/10 10101884D |
01/13/2010 | Referred to Committee on Finance |
01/18/2010 | Assigned Finance sub: #3 |
01/24/2010 | Impact statement from TAX (HB998) |
01/25/2010 | Assigned Finance sub: #3 |
01/29/2010 | Subcommittee recommends reporting with amendment(s) (4-Y 0-N) |
01/29/2010 | Subcommittee recommends referring to Committee on Appropriations |
02/01/2010 | Committee substitute printed 10104796D-H1 |
02/01/2010 | Reported from Finance with substitute (21-Y 0-N) (see vote tally) |
02/01/2010 | Referred to Committee on Appropriations |
02/04/2010 | Assigned App. sub: Economic Development, Agriculture and Natural Resources |
02/08/2010 | Impact statement from TAX (HB998H1) |
02/11/2010 | Subcommittee recommends continuing to 2011 |
02/12/2010 | Reported from Appropriations (21-Y 0-N) (see vote tally) |
02/14/2010 | Read first time |
02/15/2010 | Motion to rerefer to committee agreed to |
02/15/2010 | Rereferred to Appropriations |
02/16/2010 | Continued to 2011 in Appropriations |