Renewable energy property; tax credit established.
Do you support it?
Want to know if it passes?
We'll email you when HB 461 moves — a committee vote, a floor vote, or a signature. Nothing else.
Free forever · unsubscribe in one click.
Your answer was recorded either way.
Which district are you in?
Your ZIP is all we need to match you to your own representatives — so we can tell you how they voted on HB 461.
You're tracking HB 461
We'll email you the moment it moves.
HB 461 — Renewable energy property; tax credit established.
Last action — Left in Finance
No card. One bill, free forever — alerts when it moves.
-
✓Introduced
-
2In Committee
-
3Passed House of Delegates
-
4Passed Senate
-
5To Executive
-
6Enacted
This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Renewable energy property tax credit. Establishes, beginning in taxable year 2020, a tax credit for renewable energy property placed in service. The bill defines "renewable energy property" as certain biomass equipment that uses renewable biomass resources, combined heat and power systems using waste heat to produce electricity or thermal or mechanical energy, certain geothermal equipment, hydroelectric generators located at existing dams or in free-flowing waterways, solar energy equipment, and wind equipment that is necessary for capturing and converting wind energy into electricity or mechanical power.The credit would equal 35 percent of the installed cost of the renewable energy property. However, the aggregate amount of credit allowed to each person for placing into service renewable energy property during the taxable year would not exceed $15,000. Only the ultimate consumer or user of the renewable energy property would be allowed to claim the credit.The credit would be required to be claimed in five equal annual installments beginning with the taxable year in which the property was placed in service. However, the amount claimed in a single year would not be allowed to exceed 50 percent of the person's total tax liability. The credit would expire and no further credit could be claimed if the renewable energy property was disposed of, taken out of service, or moved out of the Commonwealth during any of the installment years.The Department of Taxation would issue the tax credits. The Department would be authorized to issue $5 million in tax credits each fiscal year. Any unused credit could be carried forward for five taxable years. The credit would sunset in 2025.
Bill Text
- Impact statement from TAX (HB461) View text Current html January 03, 2020
Action History
-
Left in Finance
-
Subcommittee failed to recommend reporting (5-Y 5-N)
-
Assigned Finance sub: Subcommittee #1
-
Impact statement from TAX (HB461)
-
Referred to Committee on Finance
-
Prefiled and ordered printed; offered 01/08/20 20101238D
Sponsors
- Jr. Richard C. "Rip" Sullivan · Primary
- Jennifer Carroll Foy · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 146 not signed on · 5 voted No
Sponsors (1)
Co-sponsors (1)
- Jennifer Carroll Foy
Not signed on (146)
146 members have not signed on to this bill.
Show all 146 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
Roll call published as PDF — view source.
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 5 | 5 | 0 | 1 |
| Total | 5 | 5 | 0 | 1 |
| % of votes cast | 45% | 45% | 0% | 9% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Lindsey, Joseph C. | — | Yea |
| Ayala, Hala S. | — | Yea |
| Byron, Kathy J. | — | Nay |
| Campbell, Ronnie R. | — | Nay |
| Carroll Foy, Jennifer D. | — | Yea |
| Don Scott | — | Yea |
| Fowler, Hyland F."Buddy," Jr. | — | Yea |
| Keam, Mark L. | — | Nay |
| Kory, Kaye | — | Not Voting |
| R. Lee Ware | — | Nay |
| Vivian E. Watts | — | Nay |
Subjects
Frequently asked questions
- What does HB 461 do?
- Renewable energy property tax credit. Establishes, beginning in taxable year 2020, a tax credit for renewable energy property placed in service. The bill defines "renewable energy property" as certain biomass equipment that uses renewable biomass resources, combined heat and power systems using waste heat to produce electricity or thermal or mechanical energy, certain geothermal equipment, hydroelectric generators located at existing dams or in free-flowing waterways, solar energy equipment, and wind equipment that is necessary for capturing and converting wind energy into electricity or mechanical power.The credit would equal 35 percent of the installed cost of the renewable energy property. However, the aggregate amount of credit allowed to each person for placing into service renewable energy property during the taxable year would not exceed $15,000. Only the ultimate consumer or user of the renewable energy property would be allowed to claim the credit.The credit would be required to be claimed in five equal annual installments beginning with the taxable year in which the property was placed in service. However, the amount claimed in a single year would not be allowed to exceed 50 percent of the person's total tax liability. The credit would expire and no further credit could be claimed if the renewable energy property was disposed of, taken out of service, or moved out of the Commonwealth during any of the installment years.The Department of Taxation would issue the tax credits. The Department would be authorized to issue $5 million in tax credits each fiscal year. Any unused credit could be carried forward for five taxable years. The credit would sunset in 2025.
- Who sponsors HB 461?
- HB 461 is sponsored by Richard C. "Rip" Sullivan, Jr. and Jennifer Carroll Foy.
- What is the current status of HB 461?
- This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 461?
- Track HB 461 free on One Click Politics — get push/email alerts when it moves.
Make your voice heard on HB 461
Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.
Stay ahead of HB 461
Last checked for changes 3 months ago · updated continuously
One Click Politics tracks every bill in Congress and all 50 states.
Track this bill →