Advanced recycling; incentives in income tax, sales tax, and machinery and tools tax. (SB590)

Introduced By

Sen. Emmett Hanger (R-Mount Solon) with support from co-patron Del. John Avoli (R-Staunton)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Advanced recycling; incentives in income tax, sales tax, and machinery and tools tax. Postpones from 2020 to 2025 the sunset date of the income tax credit for purchase of equipment for processing recyclable materials. Starting in taxable year 2020, the bill makes eligible for the credit purchases of equipment used in advanced recycling, defined in the bill. The bill provides that certain machinery, tools, and materials used in advanced recycling shall be exempt from sales tax. Starting in taxable year 2021, the bill provides that such machinery, tools, and materials shall be segregated and classified as machinery and tools, which are taxed at a lower rate than the generally applicable personal property tax rate. This bill incorporates SB 789. Read the Bill »


Bill Has Passed


01/07/2020Prefiled and ordered printed; offered 01/08/20 20101453D
01/07/2020Referred to Committee on Finance and Appropriations
01/27/2020Impact statement from TAX (SB590)
01/30/2020Reported from Finance and Appropriations with substitute (11-Y 0-N) (see vote tally)
01/30/2020Incorporates SB789 (Lewis)
01/30/2020Committee substitute printed 20107050D-S1
02/03/2020Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/04/2020Read second time
02/04/2020Reading of substitute waived
02/04/2020Committee substitute agreed to 20107050D-S1
02/04/2020Engrossed by Senate - committee substitute SB590S1
02/05/2020Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/12/2020Placed on Calendar
02/12/2020Read first time
02/12/2020Referred to Committee on Finance
02/13/2020Impact statement from TAX (SB590S1)
02/13/2020Assigned Finance sub: Subcommittee #1
02/17/2020Subcommittee recommends reporting (9-Y 0-N)
02/19/2020Reported from Finance (20-Y 2-N) (see vote tally)
02/21/2020Read second time
02/24/2020Read third time
02/24/2020Passed House (87-Y 12-N)
02/24/2020VOTE: Passage (87-Y 12-N) (see vote tally)
02/27/2020Bill text as passed Senate and House (SB590ER)
02/27/2020Impact statement from TAX (SB590ER)
02/27/2020Signed by President
02/27/2020Signed by Speaker
03/10/2020Enrolled Bill Communicated to Governor on March 10, 2020
03/10/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
04/07/2020G Approved by Governor-Chapter 789 (effective - see bill)
04/07/2020G Acts of Assembly Chapter text (CHAP0789)