SB 220 – Creates financial incentive programs for the reduction of waste associated with building construction and demolition

• Sponsor: McKenna
• LR Number: 1117S.02I
• Committee: Commerce, Energy and the Environment
• Last Action: 3/8/2007 - SCS Voted Do Pass S Commerce, Energy and the Environment Committee (1117S.04C)
• 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