Certified renewable energy manufacturing equipment, etc.; separate classification for property tax. (HB999)

Introduced By

Del. Dave Nutter (R-Christiansburg) with support from co-patrons Del. David Toscano (D-Charlottesville), and Sen. Jeff McWaters (R-Virginia Beach)

Progress

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

Description

Economic development incentive rates.  Requires certain incumbent electric utilities to offer electric service at an economic development incentive rate to certain nonresidential customers. To be eligible for an economic development incentive rate, a customer shall have a new load of at least 1,000 KW and either increase employment by at least 75 full-time equivalent employees per 1,000 KW of new load or make a capital investment of $400,000 per 1,000 KW of new load. An economic development incentive rate provides eligible customers the option of either (i) a monthly credit of $6 per KW for three years or (ii) a monthly credit of $6 per KW for the first year, reduced by $0.75 per KW in each of the following years of an eight-year term. Amends § 58.1-3661, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/13/2010Prefiled and ordered printed; offered 01/13/10 10101968D
01/13/2010Referred to Committee on Finance
01/18/2010Assigned Finance sub: #1
01/24/2010Impact statement from TAX (HB999)
02/03/2010Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
02/10/2010Reported from Finance with substitute (22-Y 0-N) (see vote tally)
02/10/2010Committee substitute printed 10104458D-H1
02/12/2010Read first time
02/15/2010Read second time
02/15/2010Committee substitute agreed to 10104458D-H1
02/15/2010Engrossed by House - committee substitute HB999H1
02/16/2010Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/16/2010VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/17/2010Constitutional reading dispensed
02/17/2010Referred to Committee on Finance
02/19/2010Impact statement from TAX (HB999H1)
02/23/2010Reported from Finance (13-Y 0-N) (see vote tally)
02/24/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/25/2010Read third time
02/25/2010Passed Senate (40-Y 0-N) (see vote tally)
03/03/2010Enrolled
03/03/2010Bill text as passed House and Senate (HB999ER)
03/03/2010Impact statement from TAX (HB999ER)
03/03/2010Signed by Speaker
03/06/2010Signed by President
04/13/2010Governor's recommendation received by House
04/20/2010Placed on Calendar
04/21/2010House concurred in Governor's recommendation (94-Y 1-N)
04/21/2010VOTE: --- ADOPTION (94-Y 1-N) (see vote tally)
04/21/2010Senate concurred in Governor's recommendation (39-Y 0-N) (see vote tally)
04/21/2010G Governor's recommendation adopted
04/21/2010Reenrolled
04/21/2010Reenrolled bill text (HB999ER2)
04/21/2010Signed by Speaker as reenrolled
04/21/2010Signed by President as reenrolled
04/21/2010Enacted, Chapter 849 (effective 7/1/10)
04/21/2010G Acts of Assembly Chapter text (CHAP0849)