File Code: Taxes - Income
- Sponsored By:
-
Senators Hollinger, Forehand, Green, and
Middleton
- Entitled:
-
Electric Utilities - Windfall Profits Tax - Electric Universal
Service Program
Imposing a 50% tax on specified windfall profits of corporations that
transmit or distribute electricity in the State and their affiliated
corporations; providing for the distribution of the revenues from the
tax to the Electric Universal Service Program Fund; and applying the
Act to tax years after 2005.
Senate Action
- 3/22
- First Reading Budget and Taxation & Finance
- Motion Rules Suspended for late introduction (Senator Hollinger) Adopted
- Motion Rules Suspended Referred (Senator Hollinger) Adopted
- Referred Budget and Taxation Finance
- 3/28
- Hearing 3/29 at 1:00 p.m.
House Action
- No Action
Sponsored by:
- Senator Paula C. Hollinger, District 11
- Senator Jennie M. Forehand, District 17
- Senator Leo E. Green, District 23
- Senator Thomas M. Middleton, District 28
Bill indexed under the following Subjects:
- COMPTROLLER
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- ENERGY MATTERS -see also- FUEL; POWER PLANTS; SOLAR ENERGY
- INCOME TAX
- REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
- SOCIAL SERVICES -see also- WELFARE
- UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
Bill affects the following Statutes:
- Public Utility Companies
- (
7-512.1
)
- Tax - General
- (
2-613.1 ,
2-614 ,
2-615 ,
10-101 ,
10-102.2
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered
