Legislation

Title: Income Tax - Credit for Purchase of Zero-Emission and Hybrid Mobile Machinery
Sponsored by: Senators King and Hester
Status: In the House - Hearing 3/30 at 1:00 p.m.
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Allowing a credit against the State income tax for the purchase of certain zero-emission and hybrid mobile machinery during taxable years 2024 through 2027 by certain eligible taxpayers for use in the taxpayers' businesses or for rental or lease to the general public; and requiring the Comptroller to report to the General Assembly on or before December 1, 2027, on the utilization of the tax credit.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB1181

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber Senate Calendar Date 2/06/2023 Legislative Date 2/06/2023 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/07/2023 Legislative Date 2/07/2023 Action Hearing 3/09 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Purchase of Zero-Emission and Hybrid Mobile Machinery Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2023 Legislative Date 3/17/2023 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/17/2023 Legislative Date 3/09/2023 Action Favorable with Amendments {703822/1 Adopted Proceedings 46 Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2023 Legislative Date 3/09/2023 Action Second Reading Passed with Amendments Proceedings 46 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Credit for Purchase of Zero-Emission and Hybrid Mobile Machinery Proceedings
Chamber Senate Calendar Date 3/17/2023 Legislative Date 3/10/2023 Action Third Reading Passed (44-0) Proceedings 47 Click to view Recorded Media
Chamber House Calendar Date 3/20/2023 Legislative Date 3/12/2023 Action Referred Ways and Means Proceedings 49 Click to view Recorded Media
Chamber House Calendar Date 3/20/2023 Legislative Date 3/20/2023 Action Hearing 3/30 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/06/2023	2/06/2023	First Reading Budget and Taxation
Senate	2/07/2023	2/07/2023	Hearing 3/09 at 1:00 p.m.
			Text - First - Income Tax - Credit for Purchase of Zero-Emission and Hybrid Mobile Machinery
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/17/2023	3/17/2023	Favorable with Amendments Report by Budget and Taxation
Senate	3/17/2023	3/09/2023	Favorable with Amendments {703822/1 Adopted	46 Click to view Recorded Media
Senate	3/17/2023	3/09/2023	Second Reading Passed with Amendments	46 Click to view Recorded Media
			Text - Third - Income Tax - Credit for Purchase of Zero-Emission and Hybrid Mobile Machinery
Senate	3/17/2023	3/10/2023	Third Reading Passed (44-0)	47 Click to view Recorded Media
House	3/20/2023	3/12/2023	Referred Ways and Means	49 Click to view Recorded Media
House	3/20/2023	3/20/2023	Hearing 3/30 at 1:00 p.m.

File Code

Subjects

Statutes