Loading chat...
OK HB2519
Bill
Status
5/28/2010
Primary Sponsor
Ed Cannaday
Click for details
AI Summary
-
Extends coal tax credit program through December 31, 2014 (previously set to expire December 31, 2012)
-
Provides tax credits for persons furnishing water, heat, light or power, or burning coal for manufacturing: $2.00 per ton (1993-2005), $2.85 per ton (2007-2014)
-
Allows additional $2.15 per ton credit for coal purchases beginning January 1, 2007 through December 31, 2014
-
Provides $3.00 per ton additional credit for large-volume coal purchasers (750,000+ tons annually) from 1995-2006
-
Suspends all coal tax credits from July 1, 2010 through June 30, 2012, then reinstates credits effective July 1, 2012
Legislative Description
Revenue and taxation; relating to tax credits for coal incentives; modifying reference to taxable years. Effective date.
Revenue and Taxation
Last Action
Approved by Governor 06/07/2010
5/28/2010