BILL · 2015–16 SESSION

SB 5904: Forest derived biomass

Providing a public utilities tax credit for forest derived biomass used to produce energy.

Summary

  • The B&O tax credit of $5 per harvested ton of forest derived biomass sold, transferred, or used for production of electricity, steam, heat, or biofuel is extended to June 30, 2025. A harvester may apply unused credits against the PUT beginning October 1, 2015.

From the Senate Bill Report (Orig.) (SB 5904), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 9, 2015
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jim Hargrove (D-24)
Introduced
February 9, 2015 in the Senate
Last action
March 10, 2016
Budget
Has a fiscal note

AN ACT Relating to providing a public utilities tax credit for forest derived biomass used to produce energy;

Sponsors

Prime sponsor: Jim Hargrove (D-24)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. First reading, referred to Ways & Means.

SB 5904 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page