File Code: Miscellaneous
- Sponsored By:
-
Delegate Hixson
- Entitled:
-
Electric Utility Tax Reform
Imposing the public service company franchise tax on electric
utilities based on kilowatt hours of electricity delivered for final
consumption in the State; setting the tax rate to be $0.14 cents per
kilowatt hour delivered; expanding the definition of a public service
company subject to the tax; providing a credit against the income tax
for 60% of property taxes paid on machinery and equipment used to
generate electricity in the State; imposing the income tax on electric
utilities; etc.
House Action
- 2/19
- First Reading House Rules
- 2/23
- Re-referred Ways and Means
- Hearing 3/4 at 1:00 p.m.
Senate Action
- No Action
- Bill indexed under the following Subjects:
- CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
- DISCLOSURE
- EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
- EXEMPTIONS
- FRANCHISES
- INCOME TAX
- PERSONAL PROPERTY
- PRICES -see also- CONSUMER PRICE INDEX
- PROPERTY TAX -see also- ASSESSMENTS
- PUBLIC SERVICE COMMISSION
- REPORTS -see also- RECORDS
- REVENUE AND TAXES -see also specific taxes -
- SALES AND USE TAX
- TAX CREDITS -see also- CIRCUIT BREAKER
- UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
- Bill affects the following Statutes:
- Tax - General
- (
8-401 ,
8-401 ,
8-402 ,
8-403 ,
8-404 ,
8-409 ,
10-307 ,
10-709 ,
11-101 ,
11-207
)
- Tax - Property
- (
1-101
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
