HOUSE BILL 1323

Sponsored By:

Delegate Hixson

Entitled:

Electric Utility Tax Reform

Synopsis:

Imposing a 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 based on the designated service area where electricity is delivered; expanding the definition of a public service company subject to the tax; providing a credit against the public service company franchise tax or the income tax for 60% of property taxes paid on machinery and equipment used to generate electricity in the State; etc.

History by Legislative Date

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

ENVIRONMENTAL MATTERS -see also- NAT. RESOURCES; POLLUTION

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:

Natural Resources

( 3-302 )

Public Utility Companies

( 7-203 )

Tax - General

( 8-401 , 8-401 , 8-402 , 8-403 , 8-404 , 8-406 , 8-409 , 10-307 , 10-309 , 10-709 , 11-207 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered