# Virginia SB1464: Asphalt recycling equipment; tax credit for purchase of reprocessing existing asphalt materials.

Virginia SB1464, Asphalt recycling equipment; tax credit for purchase of reprocessing existing asphalt materials., is a 2025 Regular Session Senate bill sponsored by David W. Marsden (Democratic); status failed, last action 2025-01-28 (Passed by indefinitely in Finance and Appropriations (15-Y 0-N)) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/VA-SB1464-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB1464
- State: Virginia
- Session: 2025 Regular Session
- Title: Asphalt recycling equipment; tax credit for purchase of reprocessing existing asphalt materials.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-17
- Last action: 2025-01-28, Passed by indefinitely in Finance and Appropriations (15-Y 0-N)
- Sponsor: David W. Marsden (Democratic)
- Cosponsors: 0
- Subjects: Finance and Appropriations
- Touches household money: no
- Roll calls: 1 (15 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

Tax credit; purchase of asphalt recycling equipment for reprocessing existing asphalt materials from pavements and roadways; report. Creates a nonrefundable tax credit for taxable years 2025 and 2026 in an amount equal to 20 percent of the purchase price, as defined in the bill, paid during the taxable year for asphalt recycling equipment. The bill defines asphalt recycling equipment as machinery and equipment that is used to reclaim, recycle, or reprocess existing asphalt materials from pavements and roadways in the Commonwealth and that has been certified by the Department of Environmental Quality as being integral to the recycling process. The bill provides a $3 million aggregate annual cap on the number of credits to be distributed, as administered by the Department of Taxation, and an annual cap of 40 percent of the taxpayer's liability for taxes for any taxable year. Any credit not used for the taxable year in which the purchase price for recycling machinery was paid may be carried over for the next 10 years until the total credit amount is used.Finally, the bill requires the Department of Taxation, in consultation with the Department of Environmental Quality and the Department of Transportation, to submit a report to the Chairmen of the House Committee on Finance and Senate Committee on Finance and Appropriations no later than December 1, 2025, on the number of claims for such credit and any impact to environmental quality and pavement performance resulting from the use of asphalt recycling equipment.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: David W. Marsden (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-01-28 | Senate | Passed by indefinitely in Finance and Appropriations | pass | 15 | 0 |   |

## Actions (4)

- 2025-01-28: Passed by indefinitely in Finance and Appropriations (15-Y 0-N) (Senate)
- 2025-01-27: Impact statement from TAX (SB1464) (Senate)
- 2025-01-17: Referred to Committee on Finance and Appropriations (Senate)
- 2025-01-17: Presented and ordered printed 25105311D (Senate)

## Bill text

- Introduced, 2025-01-17: [HTML](https://lis.blob.core.windows.net/files/1023179.HTML), [PDF](https://lis.blob.core.windows.net/files/1023178.PDF)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1023179.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1023178.PDF)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB1464-2025 (as of 2026-10-17).