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HB1327

Property taxes; generating equipment of electric suppliers utilizing wind turbines.

Status:
Enacted

Chief Patron:
Terry Austin (R)

Session:
2020 Regular Session

Summary

As Passed Both Chambers. Property taxes; generating equipment of electric suppliers utilizing wind turbines.

For a locality that imposes property taxes on generating equipment of electric suppliers utilizing wind turbines that have filed a certain form with an electric utility or regional transmission organization by July 1, 2020, provides that the rate shall not exceed the locality's real estate tax rate by more than $0.20 per $100 of assessed value. For all other projects, and under current law, the tax may exceed the real estate rate but cannot exceed the general personal property tax rate in the locality. (Less)

  • Bill History

  • 01/08/2020 - House: Prefiled and ordered printed; offered 01/08/20 20102397D
  • 01/08/2020 - House: Referred to Committee on Finance
  • 01/19/2020 - House: Impact statement from TAX (HB1327)
  • 01/23/2020 - House: Assigned Finance sub: Subcommittee #2
  • 01/27/2020 - House: Subcommittee recommends reporting (10-Y 0-N)
  • 01/29/2020 - House: Reported from Finance (19-Y 2-N)
  • 01/31/2020 - House: Read first time
  • 02/03/2020 - House: Read second time and engrossed
  • 02/04/2020 - House: Read third time and passed House (81-Y 12-N)
  • 02/04/2020 - House: VOTE: Passage (81-Y 12-N)
  • 02/05/2020 - Senate: Constitutional reading dispensed
  • 02/05/2020 - Senate: Referred to Committee on Finance and Appropriations
  • 02/18/2020 - Senate: Reported from Finance and Appropriations with substitute (14-Y 0-N)
  • 02/18/2020 - Senate: Committee substitute printed 20108430D-S1
  • 02/19/2020 - Senate: Constitutional reading dispensed (39-Y 0-N)
  • 02/20/2020 - Senate: Read third time
  • 02/20/2020 - Senate: Reading of substitute waived
  • 02/20/2020 - Senate: Committee substitute agreed to 20108430D-S1
  • 02/20/2020 - Senate: Engrossed by Senate - committee substitute HB1327S1
  • 02/20/2020 - Senate: Passed Senate with substitute (38-Y 2-N)
  • 02/24/2020 - House: Placed on Calendar
  • 02/24/2020 - House: Senate substitute agreed to by House 20108430D-S1 (84-Y 9-N 1-A)
  • 02/24/2020 - House: VOTE: Adoption (84-Y 9-N 1-A)
  • 02/28/2020 - House: Enrolled
  • 02/28/2020 - House: Bill text as passed House and Senate (HB1327ER)
  • 02/28/2020 - House: Signed by Speaker
  • 03/02/2020 - House: Impact statement from TAX (HB1327ER)
  • 03/02/2020 - Senate: Signed by President
  • 03/11/2020 - House: Enrolled Bill communicated to Governor on March 11, 2020
  • 03/11/2020 - Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
  • 03/27/2020 - Governor: Approved by Governor-Chapter 508 (effective 7/1/20)
  • 03/27/2020 - Governor: Acts of Assembly Chapter text (CHAP0508)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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