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2008 SESSION

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HB 139 Income tax, state; tax credit for certain biodiesel fuels producers.

Introduced by: Christopher K. Peace | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Income tax; biodiesel and green diesel fuels producers income tax credit.  Allows an income tax credit to biodiesel and green diesel fuels producers in Virginia who produce up to two million gallons of biodiesel or green diesel fuels a year.  The amount of the credit is $0.01 per gallon but no more than $5,000 annually for taxable years beginning on and after January 1, 2008.  Includes HB's 647 and 1539.

SUMMARY AS PASSED HOUSE:

Income tax; biodiesel fuels producers income tax credit.  Allows an income tax credit to biodiesel fuels producers in Virginia who produce up to two million gallons of biodiesel fuels a year.  The amount of the credit is $0.01 per gallon but no more than $5,000 annually for taxable years beginning on and after January 1, 2008.  Includes HB's 647 and 1539.

SUMMARY AS INTRODUCED:

Income tax; biodiesel fuels producers income tax credit.  Allows an income tax credit to biodiesel fuels producers in Virginia who produce at least two million gallons of biodiesel fuels a year.  The amount of the credit is $0.01 per gallon but no more than $5,000 annually for taxable years beginning on and after January 1, 2008.