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Re: Tax exemption for environmental equipment



Not in florida, but for the record Texas program is here.
http://www.tnrcc.state.tx.us/exec/chiefeng/prop2/

In regards to some of the other conversations about their effectiveness, I wrote one of the guys who runs the program he said

"The Prop 2 program was never intended to provide incentives to companies to install pollution control equipment.  The idea was conceived by the legislature and approved by the Texas voters as a constitutional amendment.  Its intent was simply to provide tax relief to companies that were forced to spend capital on pollution control because of environmental regulations.  The rationale is that since they are already being required to expend capital on non-profitable equipment, they should not also be required to pay property taxes on this same capital expenditure.  

It is obvious that no-one would incur a capital expenditure on pollution control equipment purely on the basis of a property tax savings.  You are talking about a savings of about 2.5% of the investment cost.  However, the tax savings may be one factor in many, for deciding whether or not to spend capital on non-mandatory pollution control such as pollution prevention.  Companies have informed us that the tax savings are a consideration in pollution prevention or other voluntary pollution control projects because it reduces their net loss.   The tax saving is a positive factor that can be presented to corporate management when trying to gain approval for a pollution prevention project.   However, I don't know of a single case where someone has invested in pollution control property solely because of the tax savings."

Tomas Vinson-Peng
www.p2Plan.org

Fax: 512/239-3165
Phone: 512/239-3182

Engineering Specialist
Texas Commission on Environmental Quality
MC112
PO Box 13087
Austin, Tx 78711-3087
tvinson@tceq.state.tx.us


Disclaimer:  Regulatory guidance  e-mails are provided to quickly get you an answer to legal requirements.  They are not a substitute for compliance with the regulation, but guidance based on the best information available to the staff of TNRCC at the time.


>>> "Tammy Allen" <tallen@co.pinellas.fl.us> 09/17/03 07:35AM >>>
Does anyone know of a federal or even State of Florida tax exemption for
environmental equipment purchase and where I can find supporting
statutes saying such?  I have a business inquiring...

Thank you to all !

Tammy L. Allen
Senior Environmental Specialist
Pollution Prevention and Resource Recovery Program
Pinellas County Environmental Management
512 S. Ft. Harrison Ave.
Clearwater, FL  33763

(727) 464-4761
Fax (727) 464-3174

e-mail: tallen@co.pinellas.fl.us 

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