Chap Petersen
- Democratic
Taxation of public service corporations; electric suppliers; storage. Amends the definition of electric supplier to include certain battery storage facilities with a storage capacity greater than 25 megawatts and subjects such facilities to central assessment by the State Corporation Commission. The bill also requires battery storage facilities qualifying as electric suppliers to file an annual report to the Commission.The bill also defines "energy storage system" as equipment, facilities, or devices that are capable of absorbing energy, storing it for a period of time, and redelivering that energy after it has been stored. The bill provides that energy storage systems shall be considered certified pollution control equipment and facilities and shall be exempt from local property taxation. The tax exemption applies only to certain projects with alternating current (AC) storage capacity of more than five megawatts and less than 150 megawatts. The bill also provides that a locality may assess a revenue share of up to $1,400 per megawatt of alternating current (AC) storage capacity on energy storage systems.
Taxation of public service corporations; electric suppliers; storage. Amends the definition of electric supplierto include certain battery storage facilities with a storage capacitygreater than 25 megawatts and subjects such facilities to central assessment by the State Corporation Commission. The bill also requiresbattery storage facilities qualifying as electric suppliers to filean annual report to the Commission.
Approved by Governor-Chapter 50 (effective 7/1/21)
Impact statement from SCC (SB1201ER)
Governor's Action Deadline 11:59 p.m., March 31, 2021
Enrolled Bill Communicated to Governor on February 22, 2021
Signed by Speaker
Enrolled
Signed by President
Read third time
VOTE: Passage (91-Y 6-N 1-A)
Passed House (91-Y 6-N 1-A)
Read second time
Reported from Finance (22-Y 0-N)
Impact statement from SCC (SB1201S1)
Continued to Special Session 1 in Finance
Referred to Committee on Finance
Placed on Calendar
Read first time
Read third time and passed Senate (38-Y 0-N 1-A)
Engrossed by Senate - committee substitute SB1201S1
Committee substitute agreed to 21103742D-S1
Reading of substitute waived
Read second time
Constitutional reading dispensed (37-Y 0-N)
Senate committee, floor amendments and substitutes offered
Committee substitute printed 21103742D-S1
Reported from Finance and Appropriations with substitute (15-Y 0-N 1-A)
Impact statement from SCC (SB1201)
Referred to Committee on Finance and Appropriations
Prefiled and ordered printed; offered 01/13/21 21100749D
Bill Text Versions | Format |
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Prefiled and ordered printed; offered 01/13/21 21100749D | HTML |
Committee substitute printed 21103742D-S1 | HTML |
SB1201ER | HTML |
CHAP0050 | HTML |
Document | Format |
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Fiscal Impact Statement: SB1201F171.PDF |
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