HB 2304 Summary

• Adds a new deduction (paragraph 21) to the prime contracting tax classification for contracts to construct mixed waste processing facilities located on municipal landfills that are designed to recycle solid waste or produce renewable energy.

• Removes "alteration" and "repair" language from the definition of "modification" in the prime contracting statute, affecting how these activities are taxed under the prime contracting classification.

• Applies the mixed waste processing facility deduction retroactively to taxable years beginning after December 31, 2012.

• Makes the amended section 42-5075 effective December 31, 2014.

• Repeals a conflicting version of section 42-5075 that was amended by Laws 2013, chapter 255, section 15.