Agencies | Governor
Virginia Regulatory Town Hall
Agency
Department of Taxation
Guidance Document Information
Title Updated Recyclable Materials Processing Equipment Tax Credit Guidelines
Document ID Corporate/Individual
Summary During the 2020 Session, the Virginia General Assembly enacted Senate Bill 590 (2020 Acts of Assembly, Chapter 789), which expanded the Recyclable Materials Processing Equipment Tax Credit by making the purchase of machinery and equipment used in advanced recycling eligible for the credit. This legislation also advanced the sunset date for the credit. These guidelines are published by the Department to provide updated guidance to taxpayers regarding the Recyclable Materials Processing Equipment Tax Credit for taxable years beginning on or after January 1, 2020.
Effective Date 12/16/2020
pdf View document text     Posted On 12/16/2020                 Document on Town Hall
Explanation or Citations See 2020 Senate Bill 590.

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