Department of Environmental Quality

 

GDForum ID: 493

Description of Proposed Guidance Document Changes

This new guidance document reflects the legislative changes to § 58.1-439.7 in 2020 and replaces LPR-2015-01. Specifically, the following sections of the guidance were updated: (a) the tax credit continues to remain in effect for taxpayers ("C" corporations, individuals and "pass-through" corporations) until January 1, 2025; and (b) qualifying recycling machinery and equipment include: (i) machinery and equipment used predominantly in or on the premises of manufacturing facilities or plant units which manufacture, process, compound, or produce items of tangible personal property from recyclable materials, within the Commonwealth, for sale and (ii) machinery and equipment used predominantly in or on the premises of facilities that are predominantly engaged in advanced recycling.

 

Guidance Document(s) for this Comment Forum

Document ID	Document Title	Document in Effect	Proposed Document
LPR-2015-01	Guidance for the Certification of Recycling Machinery and Equipment for State Income Tax Credit	Document	To Be Deleted	Deleted on 3/25/2021
LPR-2020-01	Guidance for the Certification of Recycling Machinery and Equipment for State Income Tax Credit (rev. 2021)	n/a	Proposed Document

 

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