2007 Regular Session

HOUSE BILL 1024

File Code: Taxes - Income
Sponsored By:
Delegate Ross
Entitled:
Income Tax - Credit for Low Impact Development

Synopsis:

Allowing a State income tax credit for the costs of using low impact development techniques in construction projects; requiring the Department of the Environment to adopt regulations establishing eligibility standards for the tax credit; providing for issuance of initial credit certificates by the Department; limiting to $9,000,000 the aggregate amount of initial credit certificates that the Department may issue; requiring the Department to establish an Advisory Committee; etc.

History by Legislative and Calendar Date

House Action
2/9
First Reading Ways and Means
2/14
Hearing 3/15 at 1:00 p.m.
Senate Action
No Action

Bill indexed under the following Subjects:

Committees and Commissions -see also- Political Committees
Comptroller
Conservation -see also- Soil Conservation
Construction
Environment, Department of
Environmental Matters -see also- Conserv; Nat Resrce; Pollut
Income Tax
Reports
Rules and Regulations
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 10-726 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered