Sunset of coal tax credits. (SB1252)
Introduced By
Sen. Jeremy McPike (D-Dale City) with support from co-patron Del. Ken Plum (D-Reston)
Progress
✓ |
Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Sunset of coal tax credits. Sunsets the Coal Employment and Production Incentive Tax Credit and Coalfield Employment Enhancement Tax Credit after tax year 2021 and prohibits the allocation of such credits on and after January 1, 2022. The bill provides that if credits were earned prior to January 1, 2022, the credit holder may claim the credits in subsequent tax years pursuant to the applicable carryover requirements of current law; however, such credit holders would be limited to claiming $1 million in carryover credits per taxable year. Read the Bill »
Status
01/12/2021: Awaiting a Vote in the Finance and Appropriations Committee
History
Date | Action |
---|---|
01/12/2021 | Prefiled and ordered printed; offered 01/13/21 21100972D |
01/12/2021 | Referred to Committee on Finance and Appropriations |
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