supports tax incentive
The Senate Energy Bill was passed
by a vote of 85 to 12, including a recycling tax credit, was amended
to incorporate electronics recycling. The legislation would allow
up to 15 percent of the cost of equipment used in processing and
sorting of recyclable materials to be claimed under the General
This amendment includes equipment
for the recycling of cathode ray tubes, flat panel screens, or
any video display screen larger than four inches diagonally. “The
Senate Energy Bill represents a significant advancement in U.S.
energy policy in recognizing the energy savings that can be achieved
through recycling,” stated John Skinner, Ph.D., executive
director and CEO of SWANA.
This legislation also included
an extension and expansion of the Internal Revenue Code section
45, or renewable production tax credit for landfill gas (LFG)
and waste-to-energy (WTE).
The House energy bill (H.R. 6)
does not include either provision. Both the House and Senate will
now reconcile their respective bills in conference committee to
complete a final bill.