July 2005

Important recycling legislation adopted

The National Recycling Coalition recently reported that the RISE “Recycling Investment Saves Energy” Amendment has been adopted by the Senate Finance Committee as part of the tax package for the energy bill.

The amendment would provide almost $100 million in tax incentives for recyclers with a targeted 15 percent tax credit for equipment used in the processing and sorting of recyclable materials.

Special thanks were extended to Senator Jim Jeffords for authoring the amendment and to business and environmental partners who supported the bill, and to all the NRC members who made calls to the Senate.

The fact that this recycling legislation took hold in the energy bill is extremely important for the recycling community. It demonstrates that Congress takes seriously the significant energy savings associated with recycling.

 


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