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HB1899

Coal tax credits; sunset dates.

Status:
Passed

Chief Patron:
Sally Hudson (D)

Session:
2021 Regular Session

Summary

As Passed House of Origin. Sunset of coal tax credits.

Sunsets the Coal Employment and Production Incentive Tax Credit and Coalfield Employment Enhancement Tax Credit after tax year 2021 and prohibits the allocation of such credits on and after January 1, 2022. The bill provides that if Coal Employment and Production Incentive tax credits were earned prior to January 1, 2022, the credit holder may claim the credits in subsequent tax years pursuant to the applicable carryover requirements of current law; however, such credit holders would be limited to claiming $1 million in carryover credits per taxable year. The bill directs the Department of Mines, Minerals and Energy to convene a stakeholder process to report by December 1, 2021, on recommendations for how the Commonwealth can provide economic transition support to the coalfield region. This bill is identical to SB 1252. (Less)

  • Bill History

  • 01/08/2021 - House: Prefiled and ordered printed; offered 01/13/21 21101568D
  • 01/08/2021 - House: Referred to Committee on Finance
  • 01/16/2021 - House: Impact statement from TAX (HB1899)
  • 01/23/2021 - House: Assigned Finance sub: Subcommittee #2
  • 01/26/2021 - House: House subcommittee amendments and substitutes offered
  • 01/26/2021 - House: Subcommittee recommends reporting with substitute (6-Y 4-N)
  • 01/27/2021 - House: Reported from Finance with substitute (13-Y 9-N)
  • 01/27/2021 - House: Committee substitute printed 21103740D-H1
  • 01/28/2021 - House: Read first time
  • 01/29/2021 - House: Read second time
  • 01/29/2021 - House: Committee substitute agreed to 21103740D-H1
  • 01/29/2021 - House: Engrossed by House - committee substitute HB1899H1
  • 02/01/2021 - House: Read third time and passed House (54-Y 45-N)
  • 02/01/2021 - House: VOTE: Passage (54-Y 45-N)   Close Floor Vote
  • 02/02/2021 - Senate: Constitutional reading dispensed
  • 02/02/2021 - Senate: Referred to Committee on Finance and Appropriations
  • 02/05/2021 - Senate: Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
  • 02/15/2021 - House: Impact statement from TAX (HB1899H1)
  • 02/16/2021 - Senate: Reported from Finance and Appropriations (11-Y 2-N)
  • 02/16/2021 - Senate: Constitutional reading dispensed (37-Y 0-N)
  • 02/17/2021 - Senate: Read third time
  • 02/17/2021 - Senate: Passed Senate (21-Y 17-N)   Close Floor Vote
  • 02/22/2021 - House: Enrolled
  • 02/22/2021 - House: Bill text as passed House and Senate (HB1899ER)
  • 02/22/2021 - Senate: Signed by President
  • 02/24/2021 - House: Impact statement from TAX (HB1899ER)
  • 02/24/2021 - House: Signed by Speaker
  • 02/25/2021 - House: Enrolled Bill communicated to Governor on February 25, 2021
  • 02/25/2021 - Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
  • 03/31/2021 - House: Governor's recommendation received by House
  • 04/07/2021 - House: Placed on Calendar
  • 04/07/2021 - House: Motion to pass by Governor's recommendation agreed to
  • 04/07/2021 - House: Communicated to Governor
  • 04/07/2021 - Governor: Governor's Action Deadline 11:59 p.m., May 7, 2021
  • 04/15/2021 - Governor: Approved by Governor-Chapter 553 (effective 7/1/21)
  • 04/15/2021 - Governor: Acts of Assembly Chapter text (CHAP0553)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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