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Legislation


1998 Regular Session

HOUSE BILL 1322

File Code: Miscellaneous
Sponsored By:
Delegate Hixson
Entitled:
Electric Utility Tax Reform

Synopsis:

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.

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
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 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
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