2008 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Peterson
Commercial clean energy tax credit (language only)

Item 0 #2s

Item 0 #2s


Page 495, after line 13, insert:
"Commercial Clean Energy Tax Credit:  Contingent on passage of SB 446, the general fund revenue estimate for FY 2010 will be reduced by the amount required to provide a 0.03 cents per kwh tax credit for a wind facility and a 0.06 cents per kwh tax credit for a solar facility, for Virginia taxpayers owning a commercial clean energy production facility which then sells the energy to an electric utility of the Commonwealth."

(This amendment is self-explanatory and reflects the intent of SB 446, as amended. A revenue impact statement on this bill has not yet been issued.)