HB1319
Beneficial hardwood management practices; creates a nonrefundable income tax credit.
Summary
As Passed Both Chambers. Beneficial hardwood management practices.
Creates a nonrefundable income tax credit for taxable years 2022, 2023, and 2024 for expenses incurred by a taxpayer for the implementation of beneficial hardwood management practices. The credit equals the lesser of the actual expenses or $1,000 and is subject to an aggregate annual cap of $1 million per ... (More) taxable year. The bill requires the Tax Commissioner, in coordination with the State Forester, to establish guidelines for claiming the credit and provides that any unused credit may be carried forward by the taxpayer for five taxable years following the taxable year for which the credit was issued. (Less)-
Bill History
- 01/21/2022 - House: Presented and ordered printed 22101516D
- 01/21/2022 - House: Referred to Committee on Finance
- 01/27/2022 - House: Assigned Finance sub: Subcommittee #1
- 01/30/2022 - House: Impact statement from TAX (HB1319)
- 01/31/2022 - House: Subcommittee recommends reporting with amendments (8-Y 1-N)
- 01/31/2022 - House: Subcommittee recommends referring to Committee on Appropriations
- 02/02/2022 - House: House committee, floor amendments and substitutes offered
- 02/02/2022 - House: Reported from Finance with amendment(s) (18-Y 3-N)
- 02/02/2022 - House: Referred to Committee on Appropriations
- 02/03/2022 - House: Assigned App. sub: Commerce Agriculture & Natural Resources
- 02/09/2022 - House: Subcommittee recommends reporting (7-Y 0-N)
- 02/09/2022 - House: Reported from Appropriations (21-Y 0-N)
- 02/11/2022 - House: Read first time
- 02/14/2022 - House: Read second time
- 02/14/2022 - House: Committee amendment agreed to
- 02/14/2022 - House: Engrossed by House as amended HB1319E
- 02/14/2022 - House: Printed as engrossed 22101516D-E
- 02/15/2022 - House: Read third time and passed House (91-Y 7-N 2-A)
- 02/15/2022 - House: VOTE: Passage (91-Y 7-N 2-A)
- 02/16/2022 - Senate: Constitutional reading dispensed
- 02/16/2022 - Senate: Referred to Committee on Finance and Appropriations
- 02/23/2022 - House: Impact statement from TAX (HB1319E)
- 03/01/2022 - Senate: Reported from Finance and Appropriations with amendments (14-Y 2-N)
- 03/02/2022 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/02/2022 - Senate: Read third time
- 03/02/2022 - Senate: Reading of amendments waived
- 03/02/2022 - Senate: Committee amendments agreed to
- 03/02/2022 - Senate: Engrossed by Senate as amended
- 03/02/2022 - Senate: Passed Senate with amendments (38-Y 2-N)
- 03/02/2022 - House: Senate amendments rejected by House (0-Y 99-N)
- 03/02/2022 - House: VOTE: Rejected (0-Y 99-N)
- 03/02/2022 - Senate: Senate insisted on amendments (39-Y 0-N)
- 03/02/2022 - Senate: Senate requested conference committee
- 03/02/2022 - House: House acceded to request
- 03/02/2022 - House: Conferees appointed by House
- 03/02/2022 - House: Delegates: Adams, L.R., Byron, Sullivan
- 03/02/2022 - Senate: Conferees appointed by Senate
- 03/02/2022 - Senate: Senators: Deeds, Ruff, Vogel
- 03/12/2022 - House: Continued to 2022 Sp. Sess. 1 pursuant to HJR455
- 06/01/2022 - Conference: Amended by conference committee
- 06/01/2022 - House: Conference report agreed to by House (79-Y 9-N 1-A)
- 06/01/2022 - House: VOTE: Adoption (79-Y 9-N 1-A)
- 06/17/2022 - Senate: Conference report agreed to by Senate (38-Y 1-N)
- 07/20/2022 - House: Enrolled
- 07/20/2022 - House: Bill text as passed House and Senate (HB1319ER)
- 07/20/2022 - House: Impact statement from TAX (HB1319ER)
- 07/20/2022 - House: Signed by Speaker
- 07/21/2022 - Senate: Signed by President
- 07/28/2022 - House: Enrolled Bill communicated to Governor on July 28, 2022
- 07/28/2022 - Governor: Governor's Action Deadline 11:59 p.m., August 4, 2022
- 08/04/2022 - Governor: Approved by Governor-Chapter 18 (effective on the 1st day of the 4th month following the month
- 08/04/2022 - Governor: of adjournment of the 2022 Special Session l)
- 08/04/2022 - Governor: Acts of Assembly Chapter text (CHAP0018)
