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.
Effective Date: 7/1/2020
Last Action: 3/14/2020 House - Died in Ways and Means Committee
Bill Text: PDF
Last Action: 3/14/2020 House - Died in Ways and Means Committee
Bill Text: PDF
Bill History
| 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• Indefinitely postponed and withdrawn from consideration • Died in Ways and Means Committee |
