Form Tc-40r - Recycling Market Development Zones Tax Credit 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. In PART A, enter your name, taxpayer identification number (SSN or EIN), address, telephone number, and city/state/zip code.
  3. Move to PART B and list all machinery and equipment purchased. Include the purchase date and price for each item. Calculate the total purchases and multiply by 5% to find the total credit allowed.
  4. Proceed to PART C where you will list qualified expenditures such as rent, wages, supplies, tools, and utilities. Enter the amounts paid during the tax year and calculate the total paid. Multiply this by 20%, ensuring not to exceed $2,000.
  5. In PART D, ensure an authorized agent from the Department of Environmental Quality signs off on your form.
  6. For PART E, add totals from PARTS B and C. Calculate your Utah tax credit based on your income tax amount.
  7. Finally, in PART F, indicate any unused credits you wish to carry forward for up to three years.

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The Research and Development Tax Credit Application, form DP-165, is available on the Departments website on the Forms Instructions page under the Business Taxes topic, or by calling the Departments Forms Line at (603) 230-5001.
State and federal governments offer various incentives to encourage sustainable business practices, such as substantial tax credits for investing in recycling equipment and infrastructure. For instance, some states provide income tax credits covering up to 30% of recycling equipment costs.
Recycle Plastic Bottles For Cash You are able to take advantage of one of the many supermarket recycling initiatives available. Sainsburys will give you a 5p coupon for every bottle you insert in their reverse vending machines. Iceland and Tesco offer a 10p coupon for every bottle to spend in-store.
for recycling. Every US state has its own range of tax incentives. Some of these encourage recycling and waste reduction but are only available to businesses based in the state that meet specific criteria. Check with your state government for any incentives available.
For businesses, this typically falls under gross receipts or business income. For individuals, it can be reported as miscellaneous income if the activity is occasional. Keeping detailed records of each transaction, including weight, price, and buyer information, will simplify tax filing and reduce errors.

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