SWANA 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 Business Credit.

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.