HOUSE BILL 1024

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