Combined heat and power facilities; incentives. (SB505)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)

Progress

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

Description

Combined heat and power facilities; incentives.  Provides that combined heat and power facilities that meet the output and efficiency qualifications for the federal combined heat and power tax credit are eligible for a performance incentive of 200 basis points for the first portion of service life. Such combined heat and power facilities are declared to be certified pollution control equipment and facilities, which are exempt from state and local taxation pursuant to Article X, Section 6 (d) of the Constitution of Virginia. Amends § 56-585.1, § 58.1-3660, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2012Prefiled and ordered printed; offered 01/11/12 12100408D
01/11/2012Referred to Committee on Commerce and Labor
01/30/2012Continued to 2013 in Commerce and Labor (16-Y 0-N) (see vote tally)
01/31/2012Impact statement from SCC (SB505)
11/30/2012Left in Commerce and Labor