HB 1069: Tax Credit for Carbon Farming
GENERAL BILL by Joseph ; (CO-INTRODUCERS) Eskamani
Tax Credit for Carbon Farming; Establishes tax credit for carbon farming; requires Secretary of DEP, in consultation with DOR & DACS, to determine amount of tax credit; requires DOR to certify taxpayer's eligibility for credit; authorizes tax credit to carry forward for period of time; requires department to adopt rules; making technical change; revises order in which credits against corporate income tax or franchise tax may be taken to include credits for carbon farming; revises term "adjusted federal income" to include certain tax credits taken relating to carbon farming.
Last Action: 3/14/2020 House - Died in Ways and Means Committee
Bill Text: PDF
Date Chamber Action 1/3/2020 House • Filed
1/13/2020 House • Referred to Ways and Means Committee; Agriculture and Natural Resources Subcommittee; Appropriations Committee -HJ 93
1/14/2020 House • Introduced -HJ 93
3/14/2020 House • Indefinitely postponed and withdrawn from consideration
• Died in Ways and Means Committee
HB 1069, Original Filed Version (Current Bill Version) Posted 1/3/2020 at 10:28 AM
Bill Text: Analyses: None
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 286 Tax Credit for Carbon Farming Rodriguez Identical Last Action: 3/14/2020 S Died in Agriculture
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 220.02 Legislative intent. Page 4 (pdf) 220.13 “Adjusted federal income” defined. Page 4 (pdf) 220.197 Page 2 (pdf)
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