VA HB965 | 2022 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Virginia taxable income; deductions; Energy Star certified water heater. Provides a deduction for the purchase of any water heater for residential use that is Energy Star certified equal to the lesser of 20 percent of the actual price paid or $500, beginning in taxable year 2022. The bill limits to taxable years beginning before January 1, 2022, the current provisions allowing individuals to deduct from their taxable personal income an amount equal to 20 percent of the sales taxes paid, up to $500, for an electric heat pump hot water heater that yields an energy factor of at least 1.7 and an advanced gas or oil water heater that has an energy factor of at least 0.65.

Tracking Information

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Title

Income tax, state; deductions for Energy Star certified water heater.

Sponsors


Roll Calls

2022-01-31 - House - House: Subcommittee failed to recommend reporting (3-Y 6-N) (Y: 3 N: 6 NV: 0 Abs: 0) [FAIL]

History

DateChamberAction
2022-02-15HouseLeft in Finance
2022-01-31HouseSubcommittee failed to recommend reporting (3-Y 6-N)
2022-01-27HouseAssigned Finance sub: Subcommittee #1
2022-01-12HouseReferred to Committee on Finance
2022-01-12HousePrefiled and ordered printed; offered 01/12/22 22104041D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581322.03(n/a)See Bill Text

Virginia State Sources


Bill Comments

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