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HB129

Public service companies; increases max. allowable rates of special reg. taxes that can be imposed.

Status:
Enacted

Chief Patron:
Mark Sickles (D)

Session:
2020 Regular Session

Summary

As Introduced. Increasing the maximum allowable rates of special regulatory taxes that can be imposed by the State Corporation Commission on public service companies.

Increases the maximum allowable rates of several taxes, known as special regulatory taxes, that apply to public service companies such as those that provide water, heat, light, or power. The bill increases the maximum allowable rate of the gross receipts tax from 0.2 percent to 0.26 percent, increases the maximum allowable rates of three electricity consumption taxes that are measured per kilowatt hour, and increases the maximum allowable rate of the natural gas consumption tax from $0.0020 per cubic foot to $0.0026 per cubic foot. (Less)

  • Bill History

  • 12/16/2019 - House: Prefiled and ordered printed; offered 01/08/20 20102148D
  • 12/16/2019 - House: Referred to Committee on Finance
  • 01/29/2020 - House: Assigned Finance sub: Subcommittee #1
  • 02/03/2020 - House: Subcommittee recommends reporting (8-Y 2-N)
  • 02/04/2020 - House: Impact statement from SCC (HB129)
  • 02/05/2020 - House: Reported from Finance (16-Y 6-N)
  • 02/06/2020 - House: Read first time
  • 02/07/2020 - House: Read second time and engrossed
  • 02/10/2020 - House: Read third time and passed House (58-Y 41-N)
  • 02/10/2020 - House: VOTE: Passage (58-Y 41-N)   Close Floor Vote
  • 02/11/2020 - Senate: Constitutional reading dispensed
  • 02/11/2020 - Senate: Referred to Committee on Finance and Appropriations
  • 02/25/2020 - Senate: Reported from Finance and Appropriations (15-Y 0-N 1-A)
  • 02/26/2020 - Senate: Constitutional reading dispensed (38-Y 0-N)
  • 02/26/2020 - Senate: Read third time
  • 02/26/2020 - Senate: Passed Senate (33-Y 6-N 1-A)
  • 02/26/2020 - Senate: Reconsideration of Senate passage agreed to by Senate (40-Y 0-N)
  • 02/26/2020 - Senate: Passed Senate (25-Y 14-N 1-A)   Close Floor Vote
  • 03/02/2020 - House: Enrolled
  • 03/02/2020 - House: Bill text as passed House and Senate (HB129ER)
  • 03/02/2020 - House: Impact statement from SCC (HB129ER)
  • 03/02/2020 - House: Signed by Speaker
  • 03/03/2020 - Senate: Signed by President
  • 03/12/2020 - House: Enrolled Bill communicated to Governor on March 12, 2020
  • 03/12/2020 - Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
  • 04/06/2020 - Governor: Approved by Governor-Chapter 697 (effective 7/1/20)
  • 04/06/2020 - Governor: Acts of Assembly Chapter text (CHAP0697)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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