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