U.S. National Recycling Measure Introduced in Senate

U.S. Senator Jim Jeffords, I-Vt., has re-introduced a measure intended to spur investment in recycling by providing tax incentives to companies purchasing recycling equipment.

The Recycling Investment Saves Energy (RISE) Act of 2006 (S. 3654) provides a 15% tax credit or a 50% depreciation deduction for the purchase of machinery. It also allows recycling facilities to be eligible for tax-exempt bond financing.

More than 35 industry, governmental and environmental organizations support the bill, including the National Recycling Coalition, the National Solid Wastes Management Association and the Glass Packaging Institute and the Institute of Scrap Recycling Industries (ISRI) also supports the measure. ISRI did, however, expressed “deep concern” about the phrase “electronic waste” in the bill text.

Source: Raymond Communication

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