HR 2953
106th Congress
House
Taxation
Business income tax
Commerce
Depreciation and amortization
Environmental Protection
Equipment and supplies
Income tax
Investment tax credit
Iron
Machinery
Manufacturing industries
Public Lands and Natural Resources
Recycling of waste products
Scrap metals
To amend the Internal Revenue Code of 1986 to allow a credit against income tax for recycling or remanufacturing equipment.
Introduced: September 27, 1999
See on congress.gov
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
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1