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2002 SESSION

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SB 259 Public service corporations; taxation of electric suppliers.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Public service corporation taxation; electric suppliers. Exempts all persons who own or operate facilities for the generation, transmission or distribution of electricity for sale that have a capacity of 25 megawatts or less from the definition of an "electric supplier." Currently, a person who owns or operates a solar, wind or hydroelectric facility with a capacity of 25 megawatts or less is not included in the definition of an electric supplier. The measure also clarifies that electric suppliers whose facilities have a capacity of 25 megawatts or less are not required to report their property to the State Corporation Commission, but shall be assessed and taxed by the local assessing officer. The bill contains an emergency clause.


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