June 12, 2007
In response to the federal Recycling Investment Saves Energy (RISE) Act of 2007, the Solid Waste Association of North America, Silver Spring, Md., has proposed amendments including a revision of the definition of recycling to include composting, the option of a tax credit as the alternative to accelerated depreciation, and a mechanism for the public sector to directly benefit from the financial incentives.
The bill, introduced by U.S. Sens. Olympia J. Snowe, R-Maine, and Tom Carper, D-Del., would promote recycling efforts by providing tax credits for purchasing recycling equipment. Specifically, it provides a 50 percent accelerated depreciation allowance during the first year for any new equipment installed beginning this year.
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