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SB298

Conservation tillage and precision agricultural application equipment; tax credit for purchase.

Status:
Enacted

Chief Patron:
Timmy French (R)

Session:
2024 Regular Session

Summary

As Introduced. Tax credit for purchase of conservation tillage and precision agricultural application equipment; sunset date.

Extends the sunset date of the individual and corporate tax credit for purchase of conservation tillage and precision agricultural application equipment from January 1, 2026, to January 1, 2030.
  • Bill History

  • 01/09/2024 - Senate: Prefiled and ordered printed; offered 01/10/24 24102322D
  • 01/09/2024 - Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
  • 01/15/2024 - Senate: Impact statement from TAX (SB298)
  • 01/30/2024 - Senate: Reported from Agriculture, Conservation and Natural Resources (15-Y 0-N)
  • 01/30/2024 - Senate: Rereferred to Finance and Appropriations
  • 02/07/2024 - Senate: Reported from Finance and Appropriations (15-Y 0-N)
  • 02/08/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/09/2024 - Senate: Read second time and engrossed
  • 02/09/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/09/2024 - Senate: Passed Senate (40-Y 0-N)
  • 02/15/2024 - House: Placed on Calendar
  • 02/15/2024 - House: Read first time
  • 02/15/2024 - House: Referred to Committee on Finance
  • 02/19/2024 - House: Reported from Finance (22-Y 0-N)
  • 02/21/2024 - House: Read second time
  • 02/22/2024 - House: Read third time
  • 02/22/2024 - House: Passed House BLOCK VOTE (99-Y -0-N)
  • 02/22/2024 - House: VOTE: Block Vote Passage (99-Y 0-N)
  • 02/27/2024 - Senate: Enrolled
  • 02/27/2024 - Senate: Bill text as passed Senate and House (SB298ER)
  • 02/27/2024 - Senate: Impact statement from TAX (SB298ER)
  • 02/27/2024 - House: Signed by Speaker
  • 03/01/2024 - Senate: Signed by President
  • 03/11/2024 - Senate: Enrolled Bill Communicated to Governor on March 11, 2024
  • 03/11/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
  • 03/28/2024 - Governor: Approved by Governor-Chapter 234 (effective 7/1/24)
  • 03/28/2024 - Governor: Acts of Assembly Chapter text (CHAP0234)