Virginia Senate Bill 1201 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 11 2021 - 100% progression
Action: 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0050)
Text: Latest bill text (Chaptered) [HTML]

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 $1,400 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.

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

Sen. John Petersen [D]

2021-02-15 - House - House: VOTE: Passage (91-Y 6-N 1-A) (Y: 91 N: 6 NV: 1 Abs: 2) [PASS]
2021-02-10 - House - House: Reported from Finance (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-05 - Senate - Senate: Read third time and passed Senate (38-Y 0-N 1-A) (Y: 38 N: 0 NV: 1 Abs: 0) [PASS]
2021-02-03 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 0 Abs: 2) [PASS]
2021-02-02 - Senate - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N 1-A) (Y: 15 N: 0 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2021-03-11		Governor: Acts of Assembly Chapter text (CHAP0050)
2021-03-11		Governor: Approved by Governor-Chapter 50 (effective 7/1/21)
2021-02-22		Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
2021-02-22	Senate	Enrolled Bill Communicated to Governor on February 22, 2021
2021-02-18	House	Signed by Speaker
2021-02-17	Senate	Signed by President
2021-02-17	Senate	Bill text as passed Senate and House (SB1201ER)
2021-02-17	Senate	Enrolled
2021-02-15	House	VOTE: Passage (91-Y 6-N 1-A)
2021-02-15	House	Passed House (91-Y 6-N 1-A)
2021-02-15	House	Read third time
2021-02-12	House	Read second time
2021-02-10	House	Reported from Finance (22-Y 0-N)
2021-02-08	House	Continued to Special Session 1 in Finance by voice vote
2021-02-07	House	Referred to Committee on Finance
2021-02-07	House	Read first time
2021-02-07	House	Placed on Calendar
2021-02-05	Senate	Read third time and passed Senate (38-Y 0-N 1-A)
2021-02-04	Senate	Engrossed by Senate - committee substitute SB1201S1
2021-02-04	Senate	Committee substitute agreed to 21103742D-S1
2021-02-04	Senate	Reading of substitute waived
2021-02-04	Senate	Read second time
2021-02-03	Senate	Constitutional reading dispensed (37-Y 0-N)
2021-02-02	Senate	Committee substitute printed 21103742D-S1
2021-02-02	Senate	Reported from Finance and Appropriations with substitute (15-Y 0-N 1-A)
2021-01-11	Senate	Referred to Committee on Finance and Appropriations
2021-01-11	Senate	Prefiled and ordered printed; offered 01/13/21 21100749D

SB1201 (Carry Over) 2021-02-08 - Continued to Special Session 1 in Finance by voice vote
HB2006 (Same As) 2021-03-11 - Governor: Acts of Assembly Chapter text (CHAP0049)

Chapter	Article	Section	Citation Type	Statute Text
58	1	2600	(n/a)	See Bill Text
58	1	2628	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+SB1201
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1201+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1201S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+SB1201ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+CHAP0050+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+SB1201F171+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+SB1201FS1171+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+SB1201FER171+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+S05C0110+SB1201
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SC0288SB1201+SB1201
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SC0334SB1201+SB1201
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H10V0003+SB1201
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HV1576+SB1201