HB 2192 Income tax; wastewater discharge nutrient reduction tax credit.
Mitchell Van Yahres | all patrons    ...    notes
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Summary:
Income tax; wastewater discharge nutrient reduction tax credit. For taxable years beginning on and after January 1, 1997, allows a one-time tax credit against the tax imposed by 58.1-320 and 58.1-400 to partnerships and corporations that install, contract for or otherwise implement technology that reduces nitrogen and phosphorous content in discharged effluent from an existing wastewater treatment plant in the Potomac watershed that generates in excess of 50,000 gallons of wastewater daily. The credit amount shall be $2.50 for every pound of nitrogen and phosphorous reduction in the annual discharge.

Full text:
01/16/97  House: Presented & ordered printed 973625480  pdf

Status:
01/16/97  House: Presented & ordered printed 973625480
01/16/97  House: Referred to Committee on Finance
01/20/97  House: Assigned to Finance sub-committee: 1
02/04/97  House: No action taken by Finance by voice vote