SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2005 SESSION

  • | print version

SB 1011 Personal property tax; rate on generating equipment of electric suppliers.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Property taxes; generating equipment of electric suppliers.  Provides that generating equipment of electric suppliers utilizing wind turbines shall be taxed at a rate or rates that when applied to assessed value would generate an amount of revenue approximately equal to $3,000 per megawatt of the nameplate production capacity. The bill has an effective date of January 1, 2006.


FULL TEXT

AMENDMENTS

HISTORY