Pollution control facilities

From the 2024 DOR Tax Exemption Study

82.16.045; 82.34.060(2) - Pollution control facilities Description Construction of required pollution control facilities associated with approved applications received between July 30, 1967, and November 30, 1981, was exempt from sales and use taxes. If sales and use taxes were previously paid, the amount paid may be taken as a credit against B&O, public utility, or use taxes. The total annual credit claimed is limited to 2% of the cost of the qualifying facility. The total cumulative credits allowed may not exceed 50% of the cost of the qualifying facility. Purpose To encourage pollution control and to compensate existing companies for the costs they incur to meet upgraded pollution standards. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this credit would not increase revenue because currently no taxpayers exemption use it. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions No taxpayers currently use this credit. We expect no usage d