View Amendment Current Amendment: 3 to Bill 4087

Rep. Cromer proposes the following amendment (LC-4087.AHB0003H):

Amend the bill, as and if amended, SECTION 2, by striking Section 12-6-3460(3) and inserting:

(3) "Qualified recycling facility" means a facility certified as a qualified recycling facility by a duly authorized representative of the department which includes all real and personal property incorporated into or associated with the facility located or to be located within this State that will be used by the taxpayer to manufacture or fabricate products for sale composed of at least fifty percent postconsumer waste material by weight or by volume. The minimum level of investment for a qualified recycling facility must be at least three hundred millionfive hundred thousand dollars incurred by the end of the fifth calendar year after the year in which the taxpayer begins construction or operation of the facility.