Coal tax; limits amount of credit that may be claimed for coal employment and production incentive. (SB1161)

Introduced By

Sen. Chuck Colgan (D-Manassas)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Coal tax credits. Limits the amount of the credit that may be claimed for each of the coal employment and production incentive and coalfield employment enhancement tax credits to $500,000 per return. The $500,000 limitation for the coalfield employment enhancement tax credit applies to such credits claimed on the tax return or redeemed with the Tax Commissioner. The bill also reduces the coal employment and production incentive tax credit from $3 per ton of coal purchased and consumed by an electricity generator to $2 per ton. Any unused tax credits may be carried forward for 5 taxable years. However, any coal employment and production incentive tax credit earned prior to January 1, 2015, may be carried forward for the 12 taxable years following the year in which the credit was earned. The provisions of the bill would become effective for taxable years beginning on and after January 1, 2015. Read the Bill »


Bill Has Failed


01/13/2015Prefiled and ordered printed; offered 01/14/15 15103375D
01/13/2015Referred to Committee on Finance
01/25/2015Impact statement from TAX (SB1161)
02/03/2015Committee substitute printed 15104639D-S1
02/03/2015Reported from Finance with substitute (14-Y 0-N) (see vote tally)
02/04/2015Constitutional reading dispensed (37-Y 0-N) (see vote tally)
02/05/2015Read second time
02/05/2015Reading of substitute waived
02/05/2015Committee substitute agreed to 15104639D-S1
02/05/2015Engrossed by Senate - committee substitute SB1161S1
02/05/2015Passed by temporarily
02/05/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/05/2015Passed Senate (29-Y 9-N) (see vote tally)
02/09/2015Placed on Calendar
02/09/2015Read first time
02/09/2015Referred to Committee on Finance
02/10/2015Impact statement from TAX (SB1161S1)
02/16/2015Reported from Finance with substitute (14-Y 7-N) (see vote tally)
02/16/2015Committee substitute printed 15105024D-H1
02/17/2015Read second time
02/18/2015Floor substitute printed 15105148D-H2 (Kilgore)
02/18/2015Impact statement from TAX (SB1161H1)
02/18/2015Read third time
02/18/2015Committee substitute rejected 15105024D-H1
02/18/2015Substitute by Delegate Kilgore agreed to 15105148D-H2
02/18/2015Engrossed by House - floor substitute SB1161H2
02/18/2015Passed House with substitute (66-Y 31-N 1-A)
02/18/2015VOTE: PASSAGE (66-Y 31-N 1-A) (see vote tally)
02/18/2015House substitute agreed to by Senate (37-Y 0-N) (see vote tally)
02/18/2015Title replaced 15105148D-H2
02/19/2015Impact statement from TAX (SB1161H2)
02/23/2015Bill text as passed Senate and House (SB1161ER)
02/23/2015Signed by Speaker
02/24/2015Signed by President
02/25/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/25/2015Enrolled Bill Communicated to Governor on 2/25/15
02/25/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/10/2015Impact statement from TAX (SB1161ER)
03/27/2015Governor's recommendation received by Senate
04/14/2015Placed on Calendar
04/15/2015Passed by temporarily
04/15/2015Senate rejected Governor's recommendation (16-Y 23-N) (see vote tally)
04/15/2015Motion to pass in enrolled form rejected (23-Y 16-N) (see vote tally)
04/15/2015Requires 27 affirmative votes to pass in enrolled form
04/17/2015Communicated to Governor
04/30/2015G Vetoed by Governor


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 5 minutes.