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

DateAction
01/13/2010Prefiled and ordered printed; offered 01/13/10 10101884D
01/13/2010Referred to Committee on Finance
01/24/2010Impact statement from TAX (HB998)
01/25/2010Assigned Finance sub: #3
01/29/2010Subcommittee recommends reporting with amendment(s) (4-Y 0-N)
01/29/2010Subcommittee recommends referring to Committee on Appropriations
02/01/2010Committee substitute printed 10104796D-H1
02/01/2010Reported from Finance with substitute (21-Y 0-N) (see vote tally)
02/01/2010Referred to Committee on Appropriations
02/04/2010Assigned App. sub: Economic Development, Agriculture and Natural Resources
02/08/2010Impact statement from TAX (HB998H1)
02/11/2010Subcommittee recommends continuing to 2011
02/12/2010Reported from Appropriations (21-Y 0-N) (see vote tally)
02/14/2010Read first time
02/15/2010Motion to rerefer to committee agreed to
02/15/2010Rereferred to Appropriations
02/16/2010Continued to 2011 in Appropriations
12/02/2010Left in Appropriations