SB 220
Creates financial incentive programs for the reduction of waste associated with building construction and demolition
Sponsor:
LR Number:
1117S.02I
Last Action:
3/8/2007 - SCS Voted Do Pass S Commerce, Energy and the Environment Committee (1117S.04C)
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2007

Current Bill Summary

SCS/SB 220 - This act creates a tax credit for recycling construction waste. The credit shall be 75% of the expenses incurred for recycling the construction waste. The Department of Natural Resources shall administer the tax credit program and shall maintain a list of all taxpayers eligible for the tax credit. The total amount of tax credits issued in any year shall not exceed $500,000 and the tax credit program shall sunset after 6 years.

This act also directs the Department of Natural Resources to establish and administer a state-funded grant program for construction and demolition waste reduction.

This act is similar to HB 707 (2007).

ERIKA JAQUES

Amendments