Agricultural equipment; establishes a refundable individual and corporate income tax credit. (SB1163)

Introduced By

Sen. Emmett Hanger (R-Mount Solon) with support from co-patron Del. John Avoli (R-Staunton)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Tax credits of agricultural equipment. Establishes for taxable years 2021 through 2025 a refundable individual and corporate income tax credit for 25 percent of expenditures, up to a maximum of $17,500, made for the purchase of conservation tillage and precision agriculture equipment certified by the Virginia Soil and Water Conservation Board as reducing soil compaction or improving precision of pesticide and fertilizer application or injection. The bill expires the existing individual and corporate income tax credits for conservation tillage equipment and purchase of advanced technology pesticide and fertilizer application equipment after taxable year 2020. Under current law, an individual or corporate taxpayer is allowed nonrefundable credits of up to $4,000 for conservation tillage equipment purchases and up to $3,750 for advanced technology pesticide and fertilizer application equipment purchases, which credits may be carried over for five years. Read the Bill »


03/18/2021: signed by governor


01/08/2021Prefiled and ordered printed; offered 01/13/21 21102051D
01/08/2021Referred to Committee on Finance and Appropriations
01/28/2021Impact statement from TAX (SB1163)
02/02/2021Senate committee, floor amendments and substitutes offered
02/03/2021Reported from Finance and Appropriations with amendments (16-Y 0-N) (see vote tally)
02/03/2021Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/04/2021Read second time
02/04/2021Reading of amendments waived
02/04/2021Committee amendments agreed to
02/04/2021Engrossed by Senate as amended SB1163E
02/04/2021Printed as engrossed 21102051D-E
02/04/2021Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/04/2021Passed Senate (39-Y 0-N) (see vote tally)
02/07/2021Placed on Calendar
02/07/2021Read first time
02/07/2021Referred to Committee on Finance
02/08/2021Continued to Special Session 1 in Finance
02/09/2021Assigned Finance sub: Subcommittee #2
02/10/2021Impact statement from TAX (SB1163E)
02/11/2021Subcommittee recommends reporting with amendments (10-Y 0-N)
02/11/2021House subcommittee amendments and substitutes offered
02/15/2021House committee, floor amendments and substitutes offered
02/15/2021Reported from Finance with amendment(s) (22-Y 0-N) (see vote tally)
02/17/2021Read second time
02/18/2021Read third time
02/18/2021Committee amendments agreed to
02/18/2021Engrossed by House as amended
02/18/2021Passed House with amendments BLOCK VOTE (100-Y 0-N)
02/18/2021VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
02/19/2021House amendments agreed to by Senate (38-Y 0-N)
02/24/2021Bill text as passed Senate and House (SB1163ER)
02/24/2021Signed by President
02/25/2021Signed by Speaker
02/26/2021Enrolled Bill Communicated to Governor on February 26, 2021
02/26/2021G Governor's Action Deadline 11:59 p.m., March 31, 2021
03/01/2021Impact statement from TAX (SB1163ER)
03/18/2021G Approved by Governor-Chapter 272 (effective 7/1/21)
03/18/2021G Acts of Assembly Chapter text (CHAP0272)