A bill to amend the Internal Revenue Code of 1954 to provide reasonable and necessary income tax incentives to encourage the utilization of recycled solid waste materials and to offset existing income tax advantages which promote depletion of virgin natural resources.

referredUnited States· United States Congress· EN

Introduced

1 February 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow a deduction for a percentage of the amounts paid by the taxpayer in acquiring recycled solid waste materials for manufacture by the taxpayer into useful raw materials on salable products. Provides an amortization deduction with respect to the amortizable base of any solid waste recycling facility based on a 60 month period.

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Documents

1 official file

Introduced in House
summary · EN · 1 February 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/2772
Open data entity: https://api.congress.gov/v3/bill/95/hr/2772