H.R.5372 - Recycling Investment Saves Energy

To amend the Internal Revenue Code to allow a special depreciation allowance for reuse and recycling property. view all titles (3)

All Bill Titles

  • Short: Recycling Investment Saves Energy as introduced.
  • Short: RISE Act as introduced.
  • Official: To amend the Internal Revenue Code to allow a special depreciation allowance for reuse and recycling property. as introduced.

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Introduced
 
House
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Senate
Passes
 
President
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02/12/08
 
 
 
 
 
 
 

Official Summary

Recycling Investment Saves Energy or the RISE Act - Amends the Internal Revenue Code to allow a first-year tax deduction of 50% of the adjusted basis of qualified reuse and recycling property. Defines \"qualified reuse and recycling property\" as property placed in service after December 31

Official Summary

Recycling Investment Saves Energy or the RISE Act - Amends the Internal Revenue Code to allow a first-year tax deduction of 50% of the adjusted basis of qualified reuse and recycling property. 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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