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Bill to create tax credit for mobile asphalt recycling tabled; subcommittee asks tax review panel to evaluate

2158811 · January 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

A substitute for House Bill 2740 would create a one-year, $3 million tax credit to incentivize mobile asphalt recycling equipment; after testimony the panel gently tabled the bill and asked that the Joint Subcommittee to Evaluate Tax Preferences review it, voting 6-0 to table with a letter.

Delegate Esteliet Lopez presented a substitute to House Bill 2740 that would create a temporary tax credit intended to encourage on‑site, mobile asphalt recycling equipment. The substitute narrowed the original bill to focus on mobile asphalt machinery rather than mobile recycling generally, places environmental review responsibilities with the Department of Environmental Quality, and included a one‑year sunset so the credit could be evaluated as part of an ongoing review…

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