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2022 SESSION
HB 1087 Solar photovoltaic projects; local taxation for projects less than five megawatts or less.
Introduced by: James A. "Jay" Leftwich | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Local taxation for solar photovoltaic projects five megawatts or less. Provides that generating equipment of solar photovoltaic projects five megawatts or less shall be taxable by a locality, at a rate determined by such locality, but shall not exceed the real estate rate applicable in that locality, and that the exemption shall be as follows: 80 percent of the assessed value in the first five years in service after commencement of commercial operation, 70 percent of the assessed value in the second five years in service, and 60 percent of the assessed value for all remaining years in service. The bill also provides that (i) solar photovoltaic projects five megawatts or less shall not be exempt from the assessment of a revenue share by ordinance of that locality and (ii) nothing in the bill shall be construed to authorize local taxation of generating or storage equipment of solar photovoltaic projects that serve the electricity needs of that property upon which such solar facilities are located. The bill does not apply to projects five megawatts or less that were approved by a locality prior to July 1, 2022.
FULL TEXT
- 01/12/22 House: Prefiled and ordered printed; offered 01/12/22 22103947D pdf | impact statement
- 02/07/22 House: Committee substitute printed 22105585D-H1 pdf | impact statement
- 02/22/22 Senate: Committee substitute printed 22106830D-S1 pdf
- 03/02/22 House: Bill text as passed House and Senate (HB1087ER) pdf | impact statement
- 04/11/22 Governor: Acts of Assembly Chapter text (CHAP0492) pdf
AMENDMENTS
- House subcommittee amendments and substitutes offered
- House subcommittee amendments and substitutes adopted
HISTORY
- 01/12/22 House: Prefiled and ordered printed; offered 01/12/22 22103947D
- 01/12/22 House: Referred to Committee on Finance
- 01/27/22 House: Assigned Finance sub: Subcommittee #2
- 02/07/22 House: Subcommittee recommends reporting with substitute (9-Y 0-N)
- 02/07/22 House: Reported from Finance with substitute (20-Y 2-N)
- 02/07/22 House: Committee substitute printed 22105585D-H1
- 02/09/22 House: Read first time
- 02/10/22 House: Read second time
- 02/10/22 House: Committee substitute agreed to 22105585D-H1
- 02/10/22 House: Engrossed by House - committee substitute HB1087H1
- 02/11/22 House: Read third time and passed House (81-Y 18-N)
- 02/11/22 House: VOTE: Passage (81-Y 18-N)
- 02/14/22 Senate: Constitutional reading dispensed
- 02/14/22 Senate: Referred to Committee on Finance and Appropriations
- 02/22/22 Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 02/22/22 Senate: Committee substitute printed 22106830D-S1
- 02/23/22 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/24/22 Senate: Read third time
- 02/24/22 Senate: Reading of substitute waived
- 02/24/22 Senate: Committee substitute agreed to 22106830D-S1
- 02/24/22 Senate: Engrossed by Senate - committee substitute HB1087S1
- 02/24/22 Senate: Passed Senate with substitute (40-Y 0-N)
- 02/28/22 House: Senate substitute agreed to by House 22106830D-S1 (73-Y 25-N)
- 02/28/22 House: VOTE: Adoption (73-Y 25-N)
- 03/02/22 House: Enrolled
- 03/02/22 House: Bill text as passed House and Senate (HB1087ER)
- 03/02/22 House: Signed by Speaker
- 03/03/22 Senate: Signed by President
- 03/11/22 House: Enrolled Bill communicated to Governor on March 11, 2022
- 03/11/22 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022
- 04/11/22 Governor: Approved by Governor-Chapter 492 (effective 7/1/22)
- 04/11/22 Governor: Acts of Assembly Chapter text (CHAP0492)