RISE Act

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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Timeline

1. 12 February 2008

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 12 February 2008

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 February 2008

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 12 February 2008 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 February 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 12 February 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 12 February 2008

  Open at official source

Sponsors

• Rep. Bean, Melissa L. [D-IL-8] · D · Sponsor
• Albio Sires · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← RISE Act