(a)

1. (1) The amount of the credit allowed shall be equal to thirty percent (30%) of the cost of waste reduction, reuse, or recycling equipment including the cost of installation.

2. (2) Costs not eligible for the credit include:

   1. (A) Feasibility studies;
   2. (B) Engineering costs of a building to house the equipment;
   3. (C) Machinery and equipment used to service the waste reduction, reuse, or recycling equipment; and
   4. (D) Real property of any kind.

(b) Any taxpayer who receives the income tax credit on waste reduction, reuse, or recycling equipment under Acts 1991, No. 748, may not claim any other credit or deduction based on the purchase of the equipment, including the:

1. (1) Manufacturer's investment credit; or
2. (2) Enterprise zone sales and use tax refund.