VA HB2006 | 2021 | Regular Session

Note: Carry Foward to future HB2006

Status

Spectrum: Slight Partisan Bill (Democrat 3-1)
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

Tax exemptions for energy storage systems. Declares that energy storage systems are included in the definition of certified pollution control equipment and facilities, making energy storage systems exempt from state and local taxation. The bill defines "energy storage system" as equipment, facilities, or devices that are capable of absorbing energy, storing it for a period of time, and redelivering that energy after it has been stored. The tax exemption applies only to certain projects with alternating current (AC) storage capacity of more than five megawatts and less than 150 megawatts. Tax exemptions for energy storage systems. Declares that energy storage systems are included in the definition of certified pollution control equipment and facilities, making energy storage systems exempt from state and local taxation. The bill defines "energy storage system" as equipment, facilities, or devices that are capable of absorbing energy, storing it for a period of time, and redelivering that energy after it has been stored. The tax exemption applies only to certain projects with alternating current (AC) storage capacity of more than five megawatts and less than 150 megawatts. The bill also allows localities to assess a revenue share of up to $1400 per megawatt on energy storage systems. The bill provides that on July 1, 2026, and every five years thereafter, the maximum amount of the revenue share that a locality may impose on energy storage systems as well as certain solar energy projects shall be increased by 10 percent. No increase may be made to any revenue share imposed by a locality on a solar energy project or energy storage systems for which an application has been filed with the locality and such application has been approved prior to January 1, 2021. The bill defines energy storage systems as electric suppliers whose property shall be assessed by the State Corporation Commission.

Tracking Information

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Title

Energy storage systems; definitions, tax exemption, revenue share for systems.

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 (88-Y 11-N 1-A) (Y: 88 N: 11 NV: 1 Abs: 0) [PASS]
2021-01-27 - House - House: Reported from Finance with substitute (19-Y 2-N) (Y: 0 N: 2 NV: 1 Abs: 0) [FAIL]

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 (88-Y 11-N 1-A)
2021-02-01HouseRead third time and passed House (88-Y 11-N 1-A)
2021-01-29HouseEngrossed by House - committee substitute HB2006H1
2021-01-29HouseCommittee substitute agreed to 21103350D-H1
2021-01-29HouseRead second time
2021-01-28HouseRead first time
2021-01-27HouseCommittee substitute printed 21103350D-H1
2021-01-27HouseReported from Finance with substitute (19-Y 2-N)
2021-01-25HouseSubcommittee recommends reporting with substitute (10-Y 0-N)
2021-01-16HouseAssigned Finance sub: Subcommittee #1
2021-01-11HouseReferred to Committee on Finance
2021-01-11HousePrefiled and ordered printed; offered 01/13/21 21101104D

Same As/Similar To

HB2006 (Carry Over) 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)

Code Citations

ChapterArticleSectionCitation TypeStatute Text
5812636(n/a)See Bill Text
5813660.2(n/a)See Bill Text
581609.3(n/a)See Bill Text

Virginia State Sources


Bill Comments

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