Language Page 665, after line 4, insert: "3-5.26 RECYCLABLE MATERIALS PROCESSING EQUIPMENT TAX CREDIT$0$0 Notwithstanding any other provision of law or regulation, the tax credit authorized in § 58.1-439.7 of the Code of Virginia for the purchase of machinery and equipment used for advanced recycling and processing recyclable materials shall remain in effect through taxable years beginning before January 1, 2027."
Notwithstanding any other provision of law or regulation, the tax credit authorized in § 58.1-439.7 of the Code of Virginia for the purchase of machinery and equipment used for advanced recycling and processing recyclable materials shall remain in effect through taxable years beginning before January 1, 2027."
Explanation
(This amendment extends the tax credit for the purchase of machinery and equipment used for advanced recycling and processing recyclable materials to January 1, 2027. The existing tax credit expired on and after January 1, 2025.)