VA HB1341 | 2011 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 22 2010 - 25% progression, died in committee
Action: 2010-12-03 - House: Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Income tax credits; electric energy facility producing electricity primarily from agricultural livestock waste nutrients. Establishes individual and corporate income tax credits for energy property under §48 (a) of the U.S. Internal Revenue Code of 1986, as amended, that is (i) placed in service on or January 1, 2010, in any county or city that has a current five-year annual average unemployment rate of at least 11 percent, and (ii) part of an electric energy facility producing electricity primarily from agricultural livestock waste nutrients in such county or city. The amount of the credit would be equal to the amount of the energy credit allowed for the taxable year under §48 of the U.S. Internal Revenue Code of 1986, as amended, for placing such energy property in service.

Tracking Information

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Title

Income tax; credit for electric energy facility producing electricity from livestock waste nutrient.

Sponsors


History

DateChamberAction
2010-12-03 House: Left in Finance
2010-02-10 House: Continued to 2011 in Finance by voice vote
2010-02-09 House: Subcommittee recommends continuing to 2011 by voice vote
2010-01-26 House: Assigned Finance sub: #3
2010-01-22 House: Referred to Committee on Finance
2010-01-22 House: Presented and ordered printed 10104172D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.12:0(n/a)See Bill Text

Virginia State Sources


Bill Comments

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