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HB2006

Energy storage systems; definitions, tax exemption, revenue share for systems.

Status:
Passed

Chief Patron:
Steve Heretick (D)

Session:
2021 Regular Session

Summary

As Passed House of Origin. Tax exemptions for energy storage systems.

Declares that energy storage systems are included in the definition of certified pollution control equipment and facilities, making energy storage systems exempt from state and local taxation. The bill defines "energy storage system" as equipment, facilities, or devices that are capable of absorbing energy, storing it for a period of time, and redelivering that energy after it has been stored. The tax exemption applies only to certain projects with alternating current (AC) storage capacity of more than five megawatts and less than 150 megawatts. (Less)

  • Bill History

  • 01/11/2021 - House: Prefiled and ordered printed; offered 01/13/21 21101104D
  • 01/11/2021 - House: Referred to Committee on Finance
  • 01/16/2021 - House: Assigned Finance sub: Subcommittee #1
  • 01/20/2021 - House: Impact statement from TAX (HB2006)
  • 01/25/2021 - House: House subcommittee amendments and substitutes offered
  • 01/25/2021 - House: Subcommittee recommends reporting with substitute (10-Y 0-N)
  • 01/27/2021 - House: Reported from Finance with substitute (19-Y 2-N)
  • 01/27/2021 - House: Committee substitute printed 21103350D-H1
  • 01/28/2021 - House: Read first time
  • 01/29/2021 - House: Read second time
  • 01/29/2021 - House: Committee substitute agreed to 21103350D-H1
  • 01/29/2021 - House: Engrossed by House - committee substitute HB2006H1
  • 02/01/2021 - House: Read third time and passed House (88-Y 11-N 1-A)
  • 02/01/2021 - House: VOTE: Passage (88-Y 11-N 1-A)
  • 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)
  • 02/10/2021 - House: Impact statement from SCC (HB2006H1)
  • 02/16/2021 - Senate: Reported from Finance and Appropriations (13-Y 0-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 (37-Y 1-N 1-A)
  • 02/22/2021 - House: Enrolled
  • 02/22/2021 - House: Bill text as passed House and Senate (HB2006ER)
  • 02/22/2021 - Senate: Signed by President
  • 02/23/2021 - House: Impact statement from SCC (HB2006ER)
  • 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
  • 03/11/2021 - Governor: Approved by Governor-Chapter 49 (effective 7/1/21)
  • 03/11/2021 - Governor: Acts of Assembly Chapter text (CHAP0049)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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