Income tax, state; credit for solar energy equipment. (HB2460)
Introduced By
Del. Jay Jones (D-Norfolk) with support from co-patron Del. Kaye Kory (D-Falls Church)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax credit; solar energy equipment. Creates a nonrefundable tax credit for the purchase and installation of solar energy equipment in certain nonresidential areas for taxable years beginning on and after January 1, 2019, but before January 1, 2024. The tax credit is capped at $100,000 per individual or 35 percent of the installed cost of the system, whichever is less. The aggregate amount of credits that can be issued in a fiscal year is capped at $10 million. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/09/2019 | Committee |
| 01/09/2019 | Prefiled and ordered printed; offered 01/09/19 19101971D |
| 01/09/2019 | Referred to Committee on Finance |
| 01/15/2019 | Assigned Finance sub: Subcommittee #1 |
| 01/15/2019 | Impact statement from TAX (HB2460) |
| 01/23/2019 | House committee, floor amendments and substitutes offered |
| 01/28/2019 | Referred from Finance |
| 01/28/2019 | Referred to Committee on General Laws |
| 02/05/2019 | Left in General Laws |