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Legislature extends recycling tax credit after heated floor debate over education-fund cost
Summary
The House passed House Bill 35, extending nonrefundable recycling market zone tax credits and funding them from the Education Fund; the floor debated fiscal returns and whether the credit amounts to corporate welfare before the bill passed 59–11.
The Utah House on Jan. 24 passed House Bill 35, extending tax credits for recycling market development zones and authorizing ongoing funding estimated at $2 million per year from the Education Fund. The final recorded vote was 59 yes, 11 no; the bill will move to the Senate.
Sponsor Representative Harper described the credit as a nonrefundable tax incentive (limited to 5% of qualifying equipment purchases) designed to retain and grow recycling-related businesses in 18 counties. He cited an analysis from the governor's Office of Economic Development showing the program cost about $8 million in…
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