Virginia Senate Bill 981 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on January 31 2011 - 50% progression, died in committee
Action: 2011-02-22 - House: Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Engrossed) [HTML]

Renewable energy sources production tax credit. Establishes, beginning January 1, 2012 and ending July 1, 2016, a $1-per-megawatt-hour income tax credit for each megawatt-hour of electricity or megawatt-hour equivalent in thermal energy that an energy producer generated from renewable energy sources harvested or captured in Virginia and sold or self-consumed during the taxable year. The bill provides that tax credits would be allowed only for electricity or thermal energy generated from equipment first placed in service on or after January 1, 2012. Under the bill, investor-owned incumbent electric utilities that have applied to the State Corporation Commission for approval to participate in a renewable energy portfolio standard program would be ineligible to receive the tax credit. The bill would provide a 10-year carryforward period for any credit not usable in the taxable year of sale.

Renewable energy sources; tax credit for producing energy, exception.

Sen. Mary Whipple [D]

2011-02-02 - Senate - Senate: Passed Senate (36-Y 4-N) (Y: 36 N: 4 NV: 0 Abs: 0) [PASS]
2011-02-02 - Senate - Senate: Constitutional reading dispensed (39-Y 1-N) (Y: 39 N: 1 NV: 0 Abs: 0) [PASS]
2011-02-02 - Senate - Senate: Engrossment reconsidered by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2011-01-27 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2011-01-26 - Senate - Senate: Reported from Finance with substitute (9-Y 5-N) (Y: 9 N: 5 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-02-22		House: Left in Finance
2011-02-08		House: Assigned Finance sub: #3
2011-02-07		House: Referred to Committee on Finance
2011-02-07		House: Read first time
2011-02-07		House: Placed on Calendar
2011-02-02		Senate: Passed Senate (36-Y 4-N)
2011-02-02		Senate: Constitutional reading dispensed (39-Y 1-N)
2011-02-02		Senate: Printed as engrossed 11104617D-ES1
2011-02-02		Senate: Engrossed by Senate - committee substitute with amendment SB981ES1
2011-02-02		Senate: Amendment by Senator Whipple agreed to
2011-02-02		Senate: Reading of amendment waived
2011-02-02		Senate: Engrossment reconsidered by Senate (40-Y 0-N)
2011-02-01		Senate: Passed by for the day
2011-01-31		Senate: Engrossed by Senate - committee substitute SB981S1
2011-01-31		Senate: Committee substitute agreed to 11104617D-S1
2011-01-31		Senate: Reading of substitute waived
2011-01-31		Senate: Read second time
2011-01-28		Senate: Passed by for the day
2011-01-27		Senate: Constitutional reading dispensed (38-Y 0-N)
2011-01-26		Senate: Committee substitute printed 11104617D-S1
2011-01-26		Senate: Reported from Finance with substitute (9-Y 5-N)
2011-01-11		Senate: Referred to Committee on Finance
2011-01-11		Senate: Prefiled and ordered printed; offered 01/12/11 11103251D

Chapter	Article	Section	Citation Type	Statute Text
58	1	433.1	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+SB981
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB981+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB981S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB981ES1+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+S05V0074+SB0981
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0120SB0981+SB0981
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0182SB0981+SB0981
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0183SB0981+SB0981
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0184SB0981+SB0981