SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2021 SPECIAL SESSION I
SB 1201 Energy storage systems; definitions, tax exemption, revenue share for systems.
Introduced by: J. Chapman Petersen | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Tax exemptions for energy storage systems. Declares that energy storage systems are included in the definition of certified pollution control equipment and facilities, making energy storage systems exempt from state and local taxation. The bill defines "energy storage system" as equipment, facilities, or devices that are capable of absorbing energy, storing it for a period of time, and redelivering that energy after it has been stored. The tax exemption applies only to certain projects with alternating current (AC) storage capacity of more than five megawatts and less than 150 megawatts.
The bill also allows localities to assess a revenue share of up to $1,400 per megawatt on energy storage systems. The bill provides that on July 1, 2026, and every five years thereafter, the maximum amount of the revenue share that a locality may impose on energy storage systems as well as certain solar energy projects shall be increased by 10 percent. No increase may be made to any revenue share imposed by a locality on a solar energy project or energy storage systems for which an application has been filed with the locality and such application has been approved prior to January 1, 2021. The bill defines energy storage systems as electric suppliers whose property shall be assessed by the State Corporation Commission. This bill is identical to HB 2006.
FULL TEXT
- 01/11/21 Senate: Prefiled and ordered printed; offered 01/13/21 21100749D pdf | impact statement
- 02/02/21 Senate: Committee substitute printed 21103742D-S1 pdf | impact statement
- 02/17/21 Senate: Bill text as passed Senate and House (SB1201ER) pdf | impact statement
- 03/11/21 Governor: Acts of Assembly Chapter text (CHAP0050) pdf
AMENDMENTS
HISTORY
- 01/11/21 Senate: Prefiled and ordered printed; offered 01/13/21 21100749D
- 01/11/21 Senate: Referred to Committee on Finance and Appropriations
- 02/02/21 Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N 1-A)
- 02/02/21 Senate: Committee substitute printed 21103742D-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 21103742D-S1
- 02/04/21 Senate: Engrossed by Senate - committee substitute SB1201S1
- 02/05/21 Senate: Read third time and passed Senate (38-Y 0-N 1-A)
- 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 (22-Y 0-N)
- 02/12/21 House: Read second time
- 02/15/21 House: Read third time
- 02/15/21 House: Passed House (91-Y 6-N 1-A)
- 02/15/21 House: VOTE: Passage (91-Y 6-N 1-A)
- 02/17/21 Senate: Enrolled
- 02/17/21 Senate: Bill text as passed Senate and House (SB1201ER)
- 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
- 03/11/21 Governor: Approved by Governor-Chapter 50 (effective 7/1/21)
- 03/11/21 Governor: Acts of Assembly Chapter text (CHAP0050)