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2011 SESSION
SB 678 Income tax; credit for electric energy facility producing electricity from livestock waste nutrient.
Introduced by: Emmett W. Hanger, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax credits; electric energy facility producing electricity primarily from agricultural livestock waste nutrients. Establishes individual and corporate income tax credits for energy property under § 48 (a) of the U.S. Internal Revenue Code of 1986, as amended, that is (i) placed in service in the Commonwealth on or after January 1, 2010, and (ii) part of an electric energy facility producing electricity primarily from agricultural livestock waste nutrients.
The amount of the credit would be equal to the amount of the energy credit allowed for the taxable year under § 48 of the U.S. Internal Revenue Code of 1986, as amended, for placing such energy property in service.
FULL TEXT
HISTORY
- 01/22/10 Senate: Presented and ordered printed 10104298D
- 01/22/10 Senate: Referred to Committee on Finance
- 02/03/10 Senate: Reported from Finance (15-Y 0-N)
- 02/04/10 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/08/10 Senate: Read second time and engrossed
- 02/09/10 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/17/10 House: Placed on Calendar
- 02/17/10 House: Read first time
- 02/17/10 House: Referred to Committee on Appropriations
- 02/23/10 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources
- 02/26/10 House: Subcommittee recommends no action by voice vote
- 03/01/10 House: Subcommittee recommends continuing to 2011 by voice vote
- 03/01/10 House: Continued to 2011 in Appropriations by voice vote
- 12/02/10 House: Left in Appropriations