To promote conservation through oyster shell recycling
Impact
The potential impact of SB 58 on state laws is significant as it revises sections of Chapter 62 and Chapter 63 of the General Laws. Individuals and corporations participating in this program would need to ensure that they maintain documentation of their donations for tax credit eligibility. The new provisions aim to highlight the value of recycling oyster shells, which can be repurposed in various ways to bolster marine habitats and contribute to ecological sustainability efforts.
Summary
Senate Bill 58, also known as 'An Act to Promote Conservation Through Oyster Shell Recycling,' is proposed legislation aimed at encouraging the donation of oyster shells for environmental conservation efforts in Massachusetts. The bill introduces tax credits for both individual taxpayers and corporations that donate oyster shells to specified recycling organizations. Specifically, it offers a $5 credit for each full 5-gallon bucket of oyster shells donated, effectively providing a financial incentive to engage in environmentally beneficial practices.
Contention
Despite the benefits proposed, some points of contention may arise regarding the mechanics of implementing this tax credit. Questions may surface about the trackability of donated shells and how recipient organizations will certify contributions. Moreover, discourse may emerge around the extent to which this bill would draw public resources toward tax credits rather than directly funding conservation projects. Stakeholders, including environmental groups and tax advocates, will likely participate in discussions to assess the intricacies of executing these amendments effectively.
Authorizing the town of Eastham, acting by and through its board of selectmen, to convey a conservation restriction on a certain parcel of land to the Eastham conservation foundation, inc