VA SB640 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2024 - 25% progression, died in chamber
Action: 2024-01-30 - Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

Summary

Tax exempt property; energy storage systems. Clarifies the tax treatment of energy storage systems. The bill strikes language that overrides the provision requiring the amount of tax exemption for energy storage systems to be 100 percent if the taxing locality has implemented a revenue share for such systems.

Tracking Information

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Title

Energy storage systems; clarifies the tax treatment of systems.

Sponsors


Roll Calls

2024-01-30 - Senate - Senate: Passed by indefinitely in Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2024-01-30SenatePassed by indefinitely in Finance and Appropriations (15-Y 0-N)
2024-01-11SenateReferred to Committee on Finance and Appropriations
2024-01-11SenatePresented and ordered printed 24102631D

Same As/Similar To

HB785 (Similar To) 2024-02-27 - Passed by indefinitely in Finance and Appropriations (15-Y 0-N)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
5813660(n/a)See Bill Text

Virginia State Sources


Bill Comments

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