This bill proposes the addition of a new section, 11-13-3h, to the Code of West Virginia, 1931, aimed at providing tax incentives for businesses that engage in recycling activities. Specifically, it allows for a tax credit against the Business and Occupation tax, with the amount of the credit determined by the type of business and the products they recycle, as defined in existing law.

Furthermore, the bill empowers the Tax Commissioner to establish necessary regulations to implement this new tax credit effectively. The overall goal of the legislation is to encourage recycling practices among businesses in West Virginia by offering financial incentives.

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