Income tax, state & corporate; tax credit for using livestock waste nutrient to produce electricity. (SB1101)
Introduced By
Sen. Emmett Hanger (R-Mount Solon)
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 in the Commonwealth on or after January 1, 2011, and (ii) part of an electric energy facility producing electricity primarily from agricultural livestock waste nutrients.
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 the energy property in service. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/11/2011 | Prefiled and ordered printed; offered 01/12/11 11102734D |
01/11/2011 | Referred to Committee on Finance |
01/24/2011 | Impact statement from TAX (SB1101) |
02/08/2011 | Left in Finance |