Bill > S2533

This bill promotes conservation through oyster shell recycling by providing tax credits to individuals and corporations who donate oyster shells to oyster shell recycling organizations. The bill creates a $5 per 5-gallon bucket tax credit for individuals under the state's personal income tax law and a similar credit for corporations under the state's corporate excise tax law. The credits can be carried forward for up to 3 years, and no deduction is allowed for the donated oyster shells. The taxpayer must provide a certification from the recipient organization to claim the credit.