VA HB1899 | 2021 | Regular Session

Note: Carry Foward to future HB1899

Status

Spectrum: Partisan Bill (Democrat 16-0)
Status: Engrossed on January 29 2021 - 50% progression, died in chamber
Action: 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]

Summary

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. 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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Coal tax credits; sunset dates.

Sponsors


Roll Calls

2021-02-05 - Senate - Senate: Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-01 - House - House: VOTE: Passage (54-Y 45-N) (Y: 54 N: 45 NV: 0 Abs: 1) [PASS]
2021-01-27 - House - House: Reported from Finance with substitute (13-Y 9-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-26 - House - House: Subcommittee recommends reporting with substitute (6-Y 4-N) (Y: 6 N: 4 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2021-02-05SenateContinued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
2021-02-02SenateReferred to Committee on Finance and Appropriations
2021-02-02SenateConstitutional reading dispensed
2021-02-01HouseVOTE: Passage (54-Y 45-N)
2021-02-01HouseRead third time and passed House (54-Y 45-N)
2021-01-29HouseEngrossed by House - committee substitute HB1899H1
2021-01-29HouseCommittee substitute agreed to 21103740D-H1
2021-01-29HouseRead second time
2021-01-28HouseRead first time
2021-01-27HouseCommittee substitute printed 21103740D-H1
2021-01-27HouseReported from Finance with substitute (13-Y 9-N)
2021-01-26HouseSubcommittee recommends reporting with substitute (6-Y 4-N)
2021-01-23HouseAssigned Finance sub: Subcommittee #2
2021-01-08HouseReferred to Committee on Finance
2021-01-08HousePrefiled and ordered printed; offered 01/13/21 21101568D

Same As/Similar To

HB1899 (Carry Over) 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)

Code Citations

ChapterArticleSectionCitation TypeStatute Text
5812626.1(n/a)See Bill Text
581433.1(n/a)See Bill Text
581439.2(n/a)See Bill Text

Virginia State Sources


Bill Comments

feedback