Relating to tax credits for woody biomass; prescribing an effective date.
Summary
Restores availability of income or corporate excise tax credit for processing or collection of woody biomass. Allows credit for activities related to biochar. Transfers administration of credit from State Department of Energy to State Forestry Department. Applies to tax years beginning on or after January 1, 2024, and before January 1, 2030. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2023
Last action Jun 25, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
2
Committee
5
Jun 25, 2023
Lower · Passed
In committee upon adjournment.
lower
Apr 4, 2023
Committee
Referred to Tax Expenditures by order of Speaker.
lower
Apr 4, 2023
Committee
Subsequent referral to Revenue rescinded by order of the Speaker.
lower
Apr 4, 2023
Lower · Passed
Recommendation: Do pass with amendments, be printed A-Engrossed, subsequent referral to Revenue be rescinded, and be referred to Tax Expenditures.
lower
Jan 13, 2023
Committee
Referred to Agriculture, Land Use, Natural Resources, and Water with subsequent referral to Revenue.
lower
Jan 9, 2023
Introduced
First reading. Referred to Speaker's desk.
lower
1 primary · 1 co-sponsor
Sponsors
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