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2006 SESSION
SB 365 Coal; tax credits.
Introduced by: William C. Wampler, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Coal tax credits. Provides that the $3-per-ton coal employment and production incentive tax credit may be allocated among 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 earned on or after January 1, 2006, and prior to January 1, 2011, that exceed the taxpayer's tax liability could be redeemed by the Tax Commissioner. Finally, the carryover period is extended from 5 to 10 years. This bill is identical to HB 1043.
FULL TEXT
- 01/11/06 Senate: Prefiled and ordered printed; offered 01/11/06 069168836 pdf | impact statement
- 02/10/06 Senate: Committee substitute printed 069216836-S1 pdf | impact statement
- 03/01/06 Senate: Bill text as passed Senate and House (SB365ER) pdf | impact statement
- 04/17/06 Governor: Acts of Assembly Chapter text (CHAP0803) pdf
HISTORY
- 01/11/06 Senate: Prefiled and ordered printed; offered 01/11/06 069168836
- 01/11/06 Senate: Referred to Committee on Finance
- 02/09/06 Senate: Reported from Finance with substitute (10-Y 4-N)
- 02/10/06 Senate: Committee substitute printed 069216836-S1
- 02/13/06 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/13/06 Senate: VOTE: (40-Y 0-N)
- 02/14/06 Senate: Read second time
- 02/14/06 Senate: Reading of substitute waived
- 02/14/06 Senate: Committee substitute agreed to 069216836-S1
- 02/14/06 Senate: Engrossed by Senate - committee substitute SB365S1
- 02/14/06 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/14/06 Senate: VOTE: (40-Y 0-N)
- 02/14/06 Senate: Passed Senate (39-Y 0-N)
- 02/14/06 Senate: VOTE: (39-Y 0-N)
- 02/14/06 Senate: Communicated to House
- 02/15/06 House: Placed on Calendar
- 02/15/06 House: Read first time
- 02/15/06 House: Referred to Committee on Finance
- 02/20/06 House: Reported from Finance (22-Y 0-N)
- 02/21/06 House: Read second time
- 02/22/06 House: Read third time
- 02/22/06 House: Passed House (97-Y 0-N)
- 02/22/06 House: VOTE: PASSAGE (97-Y 0-N)
- 02/28/06 Senate: Enrolled
- 03/01/06 Senate: Bill text as passed Senate and House (SB365ER)
- 03/01/06 House: Signed by Speaker
- 03/02/06 Senate: Signed by President
- 04/06/06 Governor: Approved by Governor-Chapter 803 (effective 7/1/06)
- 04/17/06 Governor: Acts of Assembly Chapter text (CHAP0803)