To amend the Internal Revenue Code of 1986 to allow a credit against income tax for recycling or remanufacturing equipment, and for other purposes.

Summary

Amends the Internal Revenue Code to allow a tax credit for investment in qualified reclamation property. Defines "qualified reclamation property" as tangible depreciable recycling or remanufacturing property with a useful life of at least five years. Limits the amount of such credit to 20 percent of the basis (not exceeding $10 million) of qualified reclamation property placed in service during a taxable year. Directs the Secretary of Transportation to study the performance and safety of recycled, non-deployed airbags used in automobiles.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 April 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 20 April 2005

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• Introduced in House

  summary · EN · 20 April 2005

  Open at official source

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