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
History
Date | Action |
---|---|
01/22/2010 | Presented and ordered printed 10104172D |
01/22/2010 | Referred to Committee on Finance |
01/26/2010 | Assigned Finance sub: #3 |
02/04/2010 | Impact statement from TAX (HB1341) |
02/09/2010 | Subcommittee recommends continuing to 2011 |
02/10/2010 | Continued to 2011 in Finance |
12/03/2010 | Left in Finance |