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2021 SPECIAL SESSION I
SB 1252 Coal tax credits; sunset date.
Introduced by: Jeremy S. McPike | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Sunset of coal tax credits. Sunsets the Coal Employment and Production Incentive Tax Credit and Coalfield Employment Enhancement Tax Credit after tax year 2021 and prohibits the allocation of such credits on and after January 1, 2022. The bill provides that if Coal Employment and Production Incentive tax credits were earned prior to January 1, 2022, the credit holder may claim the credits in subsequent tax years pursuant to the applicable carryover requirements of current law; however, such credit holders would be limited to claiming $1 million in carryover credits per taxable year. The bill directs the Department of Mines, Minerals and Energy to convene a stakeholder process to report by December 1, 2021, on recommendations for how the Commonwealth can provide economic transition support to the coalfield region. This bill is identical to HB 1899.
FULL TEXT
- 01/12/21 Senate: Prefiled and ordered printed; offered 01/13/21 21100972D pdf | impact statement
- 02/02/21 Senate: Committee substitute printed 21104311D-S1 pdf | impact statement
- 02/17/21 Senate: Bill text as passed Senate and House (SB1252ER) pdf | impact statement
- 04/15/21 Governor: Acts of Assembly Chapter text (CHAP0554) pdf
AMENDMENTS
- House subcommittee amendments and substitutes offered
- Senate committee, floor amendments and substitutes offered
- Governor's recommendation
HISTORY
- 01/12/21 Senate: Prefiled and ordered printed; offered 01/13/21 21100972D
- 01/12/21 Senate: Referred to Committee on Finance and Appropriations
- 02/02/21 Senate: Reported from Finance and Appropriations with substitute (13-Y 2-N 1-A)
- 02/02/21 Senate: Committee substitute printed 21104311D-S1
- 02/03/21 Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/04/21 Senate: Read second time
- 02/04/21 Senate: Reading of substitute waived
- 02/04/21 Senate: Committee substitute agreed to 21104311D-S1
- 02/04/21 Senate: Engrossed by Senate - committee substitute SB1252S1
- 02/05/21 Senate: Read third time and passed Senate (22-Y 17-N)
- 02/07/21 House: Placed on Calendar
- 02/07/21 House: Read first time
- 02/07/21 House: Referred to Committee on Finance
- 02/08/21 House: Continued to Special Session 1 in Finance by voice vote
- 02/10/21 House: Reported from Finance (13-Y 9-N)
- 02/12/21 House: Read second time
- 02/15/21 House: Read third time
- 02/15/21 House: Passed House (55-Y 45-N)
- 02/15/21 House: VOTE: Passage (55-Y 45-N)
- 02/17/21 Senate: Enrolled
- 02/17/21 Senate: Bill text as passed Senate and House (SB1252ER)
- 02/17/21 Senate: Signed by President
- 02/18/21 House: Signed by Speaker
- 02/22/21 Senate: Enrolled Bill Communicated to Governor on February 22, 2021
- 02/22/21 Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
- 03/31/21 Senate: Governor's recommendation received by Senate
- 04/07/21 Senate: Senate rejected Governor's recommendation (14-Y 26-N)
- 04/07/21 Senate: Communicated to Governor
- 04/07/21 Governor: Governor's Action Deadline 11:59 p.m., May 7, 2021
- 04/15/21 Governor: Approved by Governor-Chapter 554 (effective 7/1/21)
- 04/15/21 Governor: Acts of Assembly Chapter text (CHAP0554)