H.R. 5372 · 110th Congress
Recycling Investment Saves Energy
- Stage
- In committee
- Sponsor
- Melissa Bean
- Introduced
- 2008-02-12
- Latest action
- 2008-02-12 · Introduced in House
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.