Virginia Senate Bill 1101 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2011 - 25% progression, died in committee
Action: 2011-02-08 - Senate: Left in Finance
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]

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 in the Commonwealth on or after January 1, 2011, and (ii) part of an electric energy facility producing electricity primarily from agricultural livestock waste nutrients. 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 the energy property in service.

Income tax, state & corporate; tax credit for using livestock waste nutrient to produce electricity.

Sen. Emmett Hanger [R]

Date	Chamber	Action
2011-02-08		Senate: Left in Finance
2011-01-11		Senate: Referred to Committee on Finance
2011-01-11		Senate: Prefiled and ordered printed; offered 01/12/11 11102734D

Chapter	Article	Section	Citation Type	Statute Text
58	1	439.12:0	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+SB1101
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB1101+hil