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Committee expands oyster-shell recycling tax credit to individuals, adopts amendment; fiscal note estimates $52,000 annual ETF reduction
Summary
House Bill 28 would create a $1-per-50-pound income tax credit (capped at $2,000 per filer and $100,000 per year) to encourage donation of oyster shells for reef restoration; an amendment broadened eligibility to individuals and extended the program window. Staff estimated a $52,000 annual reduction to the Education Trust Fund.
Representative Brown introduced House Bill 28, which would create an income tax credit to incentivize donation of oyster shells for reef restoration. "It creates a program for restaurants to donate the oyster shells back, and they get a tax credit, which is a dollar per 50 pounds that they donate back," Brown said, explaining the program is capped at $100,000 per year and $2,000 per filer.
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