HB 1069 (2020) -  Tax Credit for Carbon Farming

General Bill by Joseph (CO-SPONSORS) 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.
Effective Date: July 1, 2020
Last Event: Died in Ways & Means Committee on Saturday, March 14, 2020 12:00 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 286 Subject: Tax Credit for Carbon Farming Relationship: Identical

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Ways & Means Committee Time: 03/14/2020 - 12:00 AM Member: Committee: Ways & Means Committee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 03/14/2020 - 12:00 AM Member: Committee: Version: __
Event: H 1st Reading Time: 01/14/2020 - 11:19 PM Member: Committee: Version: __
Event: H Now in Ways & Means Committee Time: 01/13/2020 - 9:11 AM Member: Committee: Ways & Means Committee Version: __
Event: H Referred to Appropriations Committee Time: 01/13/2020 - 9:11 AM Member: Committee: Appropriations Committee Version: __
Event: H Referred to Agriculture & Natural Resources Subcommittee Time: 01/13/2020 - 9:11 AM Member: Committee: Agriculture & Natural Resources Subcommittee Version: __
Event: H Referred to Ways & Means Committee Time: 01/13/2020 - 9:11 AM Member: Committee: Ways & Means Committee Version: __
Event: H Filed Time: 01/03/2020 - 10:28 AM Member: Joseph Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
220.02 SB 286, SB 596, HB 1429, SB 1612, HB 7031, CS/CS/HB 7063, CS/HB 7097*
220.13 SB 286, SB 596, HB 1429, SB 1596, SB 1612, HB 7031, CS/CS/HB 7063, CS/HB 7097*
220.197 SB 286, CS/SB 1240, SB 1526, CS/HB 7097*

(*) Not the latest version