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HB1434

Local tax; amount of exemption for solar energy equipment.

Status:
Enacted

Chief Patron:
Jay Jones (D)

Session:
2020 Regular Session

Summary

As Passed House of Origin. Local tax exemption; solar energy equipment.

Changes the local property tax exemption for solar energy projects from an 80 percent exemption for the life of the project to a step down scale of an 80 percent exemption in the first five years, 70 percent in the second five years, and 60 percent for all remaining years in service. The change applies to solar energy projects that are either (i) projects greater than 20 megawatts and less than 150 megawatts for which an initial interconnection request form has been filed with an electric utility or a regional transmission organization after January 1, 2015, and first in service on or after January 1, 2017, and (ii) projects equaling more than five megawatts and less than 150 megawatts for which an initial interconnection request form has been filed on or after January 1, 2019. The bill extends the sunset date after which new projects may not qualify for the exemption from January 1, 2024 to July 1, 2030. (Less)

  • Bill History

  • 01/08/2020 - House: Prefiled and ordered printed; offered 01/08/20 20103174D
  • 01/08/2020 - House: Referred to Committee on Finance
  • 01/23/2020 - House: Assigned Finance sub: Subcommittee #2
  • 01/24/2020 - House: Impact statement from TAX (HB1434)
  • 02/03/2020 - House: House committee, floor amendments and substitutes offered
  • 02/03/2020 - House: Subcommittee recommends reporting with substitute (6-Y 4-N)
  • 02/05/2020 - House: Committee substitute printed 20107370D-H1
  • 02/05/2020 - House: Reported from Finance with substitute (13-Y 9-N)
  • 02/06/2020 - House: Read first time
  • 02/07/2020 - House: Read second time
  • 02/07/2020 - House: Committee substitute agreed to 20107370D-H1
  • 02/07/2020 - House: Engrossed by House - committee substitute HB1434H1
  • 02/10/2020 - House: Read third time and passed House (57-Y 41-N)
  • 02/10/2020 - House: VOTE: Passage (57-Y 41-N)   Close Floor Vote
  • 02/11/2020 - Senate: Constitutional reading dispensed
  • 02/11/2020 - Senate: Referred to Committee on Finance and Appropriations
  • 02/18/2020 - House: Impact statement from TAX (HB1434H1)
  • 02/25/2020 - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
  • 02/25/2020 - Senate: Committee substitute printed 20108943D-S1
  • 02/26/2020 - Senate: Constitutional reading dispensed (38-Y 0-N)
  • 02/27/2020 - Senate: Read third time
  • 02/27/2020 - Senate: Reading of substitute waived
  • 02/27/2020 - Senate: Committee substitute agreed to 20108943D-S1
  • 02/27/2020 - Senate: Engrossed by Senate - committee substitute HB1434S1
  • 02/27/2020 - Senate: Passed Senate with substitute (40-Y 0-N)
  • 03/02/2020 - House: Placed on Calendar
  • 03/02/2020 - House: Senate substitute rejected by House 20108943D-S1 (0-Y 99-N)
  • 03/02/2020 - House: VOTE: REJECTED (0-Y 99-N)
  • 03/03/2020 - Senate: Senate insisted on substitute (40-Y 0-N)
  • 03/03/2020 - Senate: Senate requested conference committee
  • 03/04/2020 - House: House acceded to request
  • 03/04/2020 - House: Conferees appointed by House
  • 03/04/2020 - House: Delegates: Jones, Hudson, Kilgore
  • 03/05/2020 - Senate: Conferees appointed by Senate
  • 03/05/2020 - Senate: Senators: Barker, Ebbin, Chafin
  • 03/07/2020 - Conference: Amended by conference committee
  • 03/07/2020 - House: Conference substitute printed 20109780D-H2
  • 03/07/2020 - House: Conference report agreed to by House (52-Y 44-N 1-A)
  • 03/07/2020 - House: VOTE: Adoption (52-Y 44-N 1-A)   Close Floor Vote
  • 03/08/2020 - Senate: Conference report agreed to by Senate (37-Y 2-N)
  • 03/18/2020 - House: Enrolled
  • 03/18/2020 - House: Bill text as passed House and Senate (HB1434ER)
  • 03/18/2020 - Senate: Signed by President
  • 03/19/2020 - House: Signed by Speaker
  • 03/20/2020 - House: Enrolled Bill communicated to Governor on March 20, 2020
  • 03/20/2020 - Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
  • 03/26/2020 - House: Impact statement from TAX (HB1434ER)
  • 04/10/2020 - Governor: Approved by Governor-Chapter 1028 (effective 7/1/20)
  • 04/10/2020 - Governor: Acts of Assembly Chapter text (CHAP1028)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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