Income tax; state; credit for solar energy equipment. (SB1496)

Introduced By

Sen. Dick Saslaw (D-Springfield) 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 »

Status

01/08/2019: Awaiting a Vote in the Finance Committee

History

DateAction
01/08/2019Prefiled and ordered printed; offered 01/09/19 19101604D
01/08/2019Referred to Committee on Finance
01/16/2019Impact statement from TAX (SB1496)

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