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2006 SESSION
HB 1043 Coal; tax credits for production and use.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Coal tax credits. Provides that the $3-per-ton coal employment and production incentive tax credit may be allocated amongst coal producers and electricity generators. The allocation would be pursuant to a contract between such parties. Any amount allocated to a coal producer could be used as credit against the corporate income tax or any other tax imposed by the Commonwealth. Credits on or after January 1, 2006, and prior to July 1, 2011, that exceed the taxpayer's tax liability could be redeemed by the Tax Commissioner. Finally, the carryover period is extended from five to 10 years. This bill is identical to SB 365.
FULL TEXT
- 01/11/06 House: Prefiled and ordered printed; offered 01/11/06 069172372 pdf | impact statement
- 02/01/06 House: Printed as engrossed 069172372-E pdf | impact statement
- 02/22/06 Senate: Committee substitute printed 064007712-S1 pdf
- 03/07/06 House: Bill text as passed House and Senate (HB1043ER) pdf | impact statement
- 04/17/06 Governor: Acts of Assembly Chapter text (CHAP0788) pdf
AMENDMENTS
HISTORY
- 01/11/06 House: Prefiled and ordered printed; offered 01/11/06 069172372
- 01/11/06 House: Referred to Committee on Finance
- 01/18/06 House: Assigned to Finance sub-committee: #3 (Ware, R.L.)
- 01/30/06 House: Reported from Finance with amendments (20-Y 0-N)
- 01/31/06 House: Read first time
- 02/01/06 House: Read second time
- 02/01/06 House: Committee amendments agreed to
- 02/01/06 House: Engrossed by House as amended HB1043E
- 02/01/06 House: Printed as engrossed 069172372-E
- 02/02/06 House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 02/02/06 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/02/06 House: Communicated to Senate
- 02/03/06 Senate: Constitutional reading dispensed
- 02/03/06 Senate: Referred to Committee on Finance
- 02/22/06 Senate: Reported from Finance with substitute (14-Y 1-N)
- 02/22/06 Senate: Committee substitute printed 064007712-S1
- 02/23/06 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/23/06 Senate: VOTE: (40-Y 0-N)
- 02/24/06 Senate: Read third time
- 02/24/06 Senate: Reading of substitute waived
- 02/24/06 Senate: Committee substitute agreed to 06400712-S1
- 02/24/06 Senate: Engrossed by Senate - committee substitute HB1043S1
- 02/24/06 Senate: Passed Senate with substitute (39-Y 0-N)
- 02/24/06 Senate: VOTE: (39-Y 0-N)
- 02/27/06 House: Placed on Calendar
- 02/28/06 House: Senate substitute agreed to by House (95-Y 2-N)
- 02/28/06 House: VOTE: ADOPTION (95-Y 2-N)
- 03/07/06 House: Bill text as passed House and Senate (HB1043ER)
- 03/07/06 House: Enrolled
- 03/07/06 House: Signed by Speaker
- 03/08/06 Senate: Signed by President
- 04/06/06 Governor: Approved by Governor-Chapter 788 (effective 7/1/06)
- 04/17/06 Governor: Acts of Assembly Chapter text (CHAP0788)