Income tax, corporate; SCC to adjust base rates of electric utilities for changes in rates. (HB1573)

Introduced By

Del. Mark Keam (D-Vienna)

Progress

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

Description

Electric utilities; rate adjustment based on changes in corporate income tax rates. Authorizes the State Corporation Commission to (i) adjust the rates of any investor-owned electric utility to recognize changes in the utility's cost of service associated with the reduction in federal corporate income tax rates resulting from a federal law and (ii) continue to determine income tax costs for any such utility. The measure has an emergency clause. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/19/2018Committee
01/19/2018Presented and ordered printed with emergency clause 18105569D
01/19/2018Referred to Committee on Commerce and Labor
01/23/2018Assigned C & L sub: Subcommittee #3
01/31/2018Impact statement from SCC (HB1573)
02/06/2018Subcommittee recommends reporting (8-Y 1-N)
02/08/2018Tabled in Commerce and Labor (21-Y 0-N) (see vote tally)