This bill proposes the addition of a new section, designated 11-13-3h, to the Code of West Virginia, aimed at providing tax incentives for businesses that engage in recycling. Specifically, it allows for a tax credit against the business and occupation tax, as outlined in section 11-13-2, based on the type of business and the products they recycle, in accordance with the definitions provided in section 22-15-1 et seq.

Furthermore, the bill empowers the Tax Commissioner to establish necessary regulations to implement the provisions of this new section and section 11-13-1 et seq. The overall intent of the legislation is to encourage recycling practices among businesses by offering financial incentives through tax credits.

Statutes affected:
Introduced Version: 11-13-3h