Environmental managers proposed projects to install pollution control measures frequently involve large expenditures with little prospect of cost-recovery. However, Regency Advisory Group can soften the blow with creative strategies such as pollution control tax credits.
Most states have enacted exemptions or credits from sales and use taxes or property taxes, or both, to encourage the purchase and use of pollution control equipment. Pollution control equipment typically includes parts and accessories used to eliminate, prevent or reduce air and water pollutants emitted resulting from the manufacturing process. This category also includes equipment used for the purpose of treating, pretreating or modifying any potential solid, liquid or gaseous pollutants that might be harmful, detrimental or offensive to human, animal or plant life or to property. In addition, a number of states allow for Recycling Property Tax Exemptions which excludes equipment and facilities used exclusively for recycling and resource recovery from property tax liability.
Our analysis of pollution control credits involves comprehensively identifying a client's existing pollution control equipment and securing the multi-tax benefits associated with that equipment. Permits and certifications are reviewed, and any additional permits and certifications are secured.