Local tax; exemption for solar energy equipment. (HB1434)

Introduced By

Del. Jay Jones (D-Norfolk)

Progress

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

Description

Local tax exemption; solar energy equipment. Changes the local property tax exemption for solar energy projects from an 80 percent exemption for the life of the project to a step down scale of an 80 percent exemption in the first five years, 70 percent in the second five years, and 60 percent for all remaining years in service. The change applies to solar energy projects that are either (i) projects greater than 20 megawatts and less than 150 megawatts for which an initial interconnection request form has been filed with an electric utility or a regional transmission organization after January 1, 2015, and first in service on or after January 1, 2017, and (ii) projects equaling more than five megawatts and less than 150 megawatts for which an initial interconnection request form has been filed on or after January 1, 2019. The bill extends the sunset date after which new projects may not qualify for the exemption from January 1, 2024 to July 1, 2030. Read the Bill »

Status

02/11/2020: In Committee

History

DateAction
01/08/2020Committee
01/08/2020Prefiled and ordered printed; offered 01/08/20 20103174D
01/08/2020Referred to Committee on Finance
01/23/2020Assigned Finance sub: Subcommittee #2
01/24/2020Impact statement from TAX (HB1434)
02/03/2020House committee, floor amendments and substitutes offered
02/03/2020Subcommittee recommends reporting with substitute (6-Y 4-N)
02/05/2020Committee substitute printed 20107370D-H1
02/05/2020Reported from Finance with substitute (13-Y 9-N) (see vote tally)
02/06/2020Read first time
02/07/2020Read second time
02/07/2020Committee substitute agreed to 20107370D-H1
02/07/2020Engrossed by House - committee substitute HB1434H1
02/10/2020Read third time and passed House (57-Y 41-N)
02/10/2020VOTE: Passage (57-Y 41-N) (see vote tally)
02/11/2020Constitutional reading dispensed
02/11/2020Referred to Committee on Finance and Appropriations
02/18/2020Impact statement from TAX (HB1434H1)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 30 seconds.

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