Eligible decarbonizing building materials - tax preference performance statement - legislative declaration - definition - repeal

(1) (a) The general assembly hereby finds and declares that:

(I) The general assembly has committed to reduce greenhouse gases through numerous policy and regulatory measures to meet the goals established in 2019;

(II) Great quantities of emissions are released during the manufacture and transport of building materials used in construction projects;

(III) There is great potential for businesses and individuals in the state to reduce greenhouse gas emissions in construction projects by purchasing and using eligible decarbonizing building materials, which are building materials with a maximum acceptable global warming potential as determined by the office of the state architect;

(IV) Providing a sales and use tax exemption for eligible decarbonizing building materials will encourage businesses and individuals to purchase and use those building materials rather than industry standard materials; and

(V) The purchase and use of eligible decarbonizing building materials will help improve environmental outcomes and accelerate necessary greenhouse gas reductions to protect public health and the environment and conserve a livable climate by incorporating emissions information from throughout the supply chain and product life cycle into building material purchasing and use decisions.