HR 2953
106th Congress
House
To amend the Internal Revenue Code of 1986 to allow a credit against income tax for recycling or remanufacturing equipment.
Taxation
Business income taxCommerceDepreciation and amortizationEnvironmental Protection
More subjectsShow fewer subjects
Equipment and suppliesIncome taxInvestment tax creditIronMachineryManufacturing industriesPublic Lands and Natural ResourcesRecycling of waste productsScrap metals
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 27, 1999
Referred to the House Committee on Ways and Means.
Sep 27, 1999
Introduced in House
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Latest action
Referred to the House Committee on Ways and Means.
Plain-English summary
Amends the Internal Revenue Code to allow businesses a limited reclamation credit of 20 percent of the basis of each qualified reclamation property placed in service during the taxable year. Defines qualified reclamation property as, among other things, qualified recycling property or qualified remanufacturing property.
Bill text
1 version
- Introduced in House Formatted Text PDF
Committees of jurisdiction
1
Cite this page
U.S. Congress. (2026). H.R. 2953: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for recycling or remanufacturing equipment.. 106th Congress. Open America. https://openamerica.io/bill/106-HR-2953/
"H.R. 2953: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for recycling or remanufacturing equipment.." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-2953/.
H.R. 2953, 106th Cong. (2026), https://openamerica.io/bill/106-HR-2953/.
[H.R. 2953: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for recycling or remanufacturing equipment.](https://openamerica.io/bill/106-HR-2953/)