Bill > S06883

This bill establishes a tax credit for businesses and individuals who recycle bivalve mollusk shells (like oyster shells) for oyster reef restoration purposes. Under the bill, taxpayers can receive a credit of up to $1,000, calculated at ten cents per pound of shells, which must be donated to an organization approved by the New York State Department of Environmental Conservation (DEC) for oyster reef restoration. The DEC is directed to create rules and regulations for verifying and certifying the recycled shells, ensuring they are properly used in reef restoration efforts. The tax credit will apply to both corporate (Section 210-B of tax law) and personal income taxes (Section 606 of tax law), and will become effective for taxable years beginning on or after January 1, 2025. This legislation aims to incentivize shell recycling and support marine ecosystem restoration by providing a financial benefit to those who participate in the shell donation program.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6883