Bill > SB125

This bill establishes an income tax credit for restaurants in Alabama that participate in approved oyster shell recycling programs, recognizing oyster shells as a valuable natural resource for improving water quality and aquatic habitats. The credit, which can be claimed by corporations, individuals, and other entities, is equal to one dollar for every 50 pounds of oyster shell material donated to an approved program, up to a maximum of $2,000 per restaurant per tax year. The total amount of credits granted statewide is capped at $100,000 annually and will be awarded on a first-come, first-served basis, with any unused credits from one year carrying over to the next. The Alabama Department of Revenue, in collaboration with the Department of Conservation and Natural Resources, will establish rules for approved programs and the credit process. If the credit exceeds a restaurant's tax liability, the excess amount will be refunded. This credit can be claimed for tax years beginning in 2026 and ending in 2030, with the act becoming effective on June 1, 2026.

Agriculture and Natural Resources

https://alison.legislature.state.al.us/bill-search