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- S.1587
S.1587: Recycling Investment Saves Energy
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced June 11, 2007
- Latest Major Action June 11, 2007
Bill Sponsor
Bill Cosponsors
10 (5 Democrats, 1 Independent Democrat, 5 Republicans)
Bill Summary
Recycling Investment Saves Energy or the RISE Act - Amends the Internal Revenue Code to allow: (1) a first-year tax deduction of 50% of the adjusted basis of qualified reuse and recycling property; and (2) tax-exempt bond financing for recycling facilities. 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| June 11, 2007 |
Introduced in the Senate by Olympia J. Snowe (R-Maine) |