S. 3654 (109th): Recycling Investment Saves Energy

Introduced:
Jul 13, 2006 (109th Congress, 2005–2006)
Sponsor:
Sen. James “Jim” Jeffords [I-VT]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on July 13, 2006, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 13, 2006
Referred to Committee Jul 13, 2006
Cosponsors
2 cosponsors (2D) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code to allow a credit against income tax, or, in the alternative, a special depreciation allowance, for reuse and recycling property, to provide for tax-exempt financing of recycling equipment, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jul 13, 2006.
15 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/13/2006--Introduced.
Recycling Investment Saves Energy or the RISE Act - Amends the Internal Revenue Code to: (1) allow a taxpayer election of a tax credit for 15% of the cost of qualified reuse and recycling property or a tax deduction for 50% of the adjusted basis of such property; and (2) define solid waste disposal facilities to include reuse and recycling functions for purposes of tax-exempt bond financing.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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