U.S. Congress - S.1587 Recycling Investment Saves Energy
S.1587 - Recycling Investment Saves Energy
A bill to amend the Internal Revenue Code to allow a special depreciation allowance for reuse and recycling property and to provide for tax-exempt financing of recycling equipment, and for other purposes. view all titles (3)
All Bill Titles
- Official: A bill to amend the Internal Revenue Code to allow a special depreciation allowance for reuse and recycling property and to provide for tax-exempt financing of recycling equipment, and for other purposes. as introduced.
- Short: Recycling Investment Saves Energy as introduced.
- Short: RISE Act as introduced.
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Official Summary
6/11/2007--Introduced.Recycling Investment Saves Energy or the RISE Act - Amends the Internal Revenue Code to allow: (1) a first-year tax deduction of 50% of the adjusted basis of qualified reuse and recycling property; and (2) tax-exempt bond financing for recycling facilities. Defines &qOfficial Summary
6/11/2007--Introduced.Recycling Investment Saves Energy or the RISE Act - Amends the Internal Revenue Code to allow:
(1) a first-year tax deduction of 50% of the adjusted basis of qualified reuse and recycling property; and
(2) tax-exempt bond financing for recycling facilities. Defines "qualified reuse and recycling property" as property placed in service after December 31, 2006, which has a useful life of at least five years and which is used exclusively to collect, distribute, or recycle certain scrap materials.
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