Massachusetts Senate Bill S2533

Massachusetts 2023-2024 Regular Session

• Introduced: 12/26/23
• Refer: 12/26/23

Caption

To promote conservation through oyster shell recycling

Impact

The implementation of S2533 would amend various sections of Massachusetts tax law, specifically Chapter 62 and Chapter 63. By allowing tax credits for oyster shell donations, the bill is expected to incentivize more people and businesses to participate in recycling programs. The hope is that increased availability of recycled oyster shells will bolster efforts in marine habitat restoration, which can significantly benefit local ecosystems and fisheries.

Summary

Senate Bill 2533, titled 'An Act to promote conservation through oyster shell recycling,' seeks to establish a tax credit for taxpayers and corporations who donate oyster shells to designated recycling organizations. Under the provisions of this bill, individuals donating oyster shells will receive a credit of five dollars per full 5-gallon bucket of shells. This initiative is aimed at encouraging contributions to environmental conservation efforts and supporting the marine ecosystem.

Contention

While the bill generally promotes conservation and environmental responsibility, some contention may arise over the financial implications for state tax revenue. Critics might argue that tax credits could reduce the overall tax intake, potentially impacting funding for other state programs. Thus, the analysis will need to balance the ecological benefits against potential fiscal challenges, ensuring that the program does not inadvertently create a strain on other essential services.