WeVote
Log In

Bill

Bill

A 142

Relates to establishing a mollusk shell recycling tax credit

2025 Regular Session Introduced by Alex Bores and 9 co-sponsors

Establishes a state tax credit to encourage mollusk shell recycling, aiming to reduce waste and fund shell recycling activities for eligible businesses.

REFERRED TO WAYS AND MEANS
0
WeVote Research Nonpartisan
Bill Summary · A 142

Summary: Assembly Bill A 142 — Mollusk Shell Recycling Tax Credit

Overview

  • Bill Number: A 142
  • Title: Relates to establishing a mollusk shell recycling tax credit
  • Status: REFERRED TO WAYS AND MEANS
  • Introduced: January 8, 2025
  • Classification: bill
  • Primary sponsor: Linda Rosenthal
  • Cosponsors: Jonathan Jacobson, Jo Anne Simon, Deborah Glick, William Colton, Alex Bores, Robert C. Carroll, David Weprin, Albert A. Stirpe, Harvey Epstein
  • Related/companion measures: S 6883 (companion); prior-session related bills include A 584, A 655, A 258, A 92

Purpose and Intent

  • The bill seeks to create a state tax credit to incentivize mollusk shell recycling. By providing a financial incentive, the measure aims to reduce shell waste and promote the recycling and repurposing of mollusk shells by eligible businesses and entities.

Key Provisions (as indicated by the bill’s description)

Note: The exact statutory mechanics (credit rate, cap, eligible expenditures, eligible taxpayers, carryover, and sunset dates) are not provided in the summary available here. The following outlines the typical framework and what is likely addressed by the bill, given its title and track:
- Establishment of a mollusk shell recycling tax credit against state taxes.
- Eligibility: likely targeted to entities generating mollusk shells (e.g., restaurants, seafood processors, shell recyclers, waste haulers) and/or entities involved in shell recycling activities.
- Eligible expenditures or activities: usually includes costs related to mollusk shell collection, processing, transportation, equipment, and facilities supporting shell recycling, or development of end products from recycled shells.
- Credit calculation: typically a percentage of eligible costs or a specified dollar amount per ton or per unit of shells recycled; may include caps, annual limits, and potential sunset provisions.
- Administration: credit would be claimed on state tax returns, with handling and verification by the appropriate tax authority; potential audit and reporting requirements.
- Interaction with other credits: the bill may specify whether the credit is refundable, nonrefundable, or refundable to offset other taxes, and any ordering rules with other credits.
- Sunset, phase-out, and sunset extension provisions: possible end date or renewal mechanism.

Affected Parties

  • Primary beneficiaries: businesses and organizations involved in mollusk shell generation and recycling (e.g., restaurants, seafood processors, shell recycling facilities, waste management entities).
  • Indirect beneficiaries: environmental programs and local communities through reduced waste, reuse of materials, and potential job creation in recycling-related activities.
  • Government and tax administration: would administer, verify, and monitor the credit; potential need for reporting and compliance oversight.

Procedural and Timeline Considerations

  • Introduction and Referral: Introduced January 8, 2025; referred to the Assembly Ways and Means Committee, signaling a fiscal/finance-oriented path.
  • Legislative trajectory: The presence of a Senate companion (S 6883) indicates cross-chamber consideration, suggesting coordination with additional environmental and fiscal reviews.
  • Related activity: Several prior-session related bills (A 584, A 655, A 258, A 92) and the companion S 6883 indicate ongoing legislative interest in shell recycling and related tax incentives.

Potential Impact and Rationale

  • Environmental impact: promotes recycling of mollusk shells, potentially reducing landfill waste and encouraging the creation of recycled-shell products or soil amendments.
  • Economic impact: creates a tax incentive that could stimulate investment in shell-recycling infrastructure, processing operations, and partnerships with seafood industries.
  • Fiscal impact: introduces a tax expenditure that would affect state revenue; the fiscal analysis would be developed during committee review.

Next Steps

  • Await committee action in Ways and Means, potential amendments, and a floor vote.
  • If advanced, monitor for fiscal impact statements, clarifications on eligibility, and sunset provisions.
  • Track the companion Senate measure (S 6883) for parallel progression and potential agreement on provisions.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.