Energy saving products; tax deduction. (HB633)

Introduced By

Del. Rodney Willett (D-Henrico)

Progress

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

Description

Tax deduction for energy-saving products. Establishes a tax deduction for the amount a taxpayer pays for energy-saving products, not to exceed $10,000. Energy-saving products are defined as being either (i) solar panels or (ii) products that meet the requirements of the Energy Star program established by the U.S. Environmental Protection Agency and the U.S. Department of Energy. To qualify for the deduction, the taxpayer must spend at least $1,000 on energy-saving products. The bill also provides that a person may not claim both this deduction and the existing deduction for certain energy-efficient products during the same taxable year. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/06/2020Committee
01/06/2020Prefiled and ordered printed; offered 01/08/20 20103983D
01/06/2020Referred to Committee on Finance
01/29/2020Assigned Finance sub: Subcommittee #1
02/01/2020Impact statement from TAX (HB633)
02/03/2020Subcommittee recommends striking from docket (6-Y 0-N)
02/11/2020Left in Finance

Comments

Susan writes:

A common sense measure that will speed Cirginia’s overdue conversion to clean energy.

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)