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S 2691 98th Congress Senate Taxation Accounting Beverage containers Beverages Environmental Protection Food and Food Industry Income tax Recycling of waste products Refuse and refuse disposal Tax deductions

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for additions to reserves for refunds of beverage container deposits.

Introduced: May 18, 1984 See on congress.gov
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 1984
Committee on Finance requested executive comment from OMB, Treasury Department.
May 18, 1984
Read twice and referred to the Committee on Finance.
May 18, 1984
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow a wholesale distributor of beverages to deduct a reasonable addition to a reserve fund for refunds of beverage container deposits. Directs the Secretary of the Treasury to promulgate regulations which will limit the amount of the deduction allowable for the first year the taxpayer elects such procedure. Directs the Secretary to prescribe regulations as to the time and manner a taxpayer may make such election. Requires the Secretary to consent to a revocation of this election.

What's happening now May 22, 1984

Committee on Finance requested executive comment from OMB, Treasury Department.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · May 18, 1984
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2691: A bill to amend the Internal Revenue Code of 1954 to allow a deduction for additions to reserves for refunds of beverage container deposits.. 98th Congress. Open America. https://openamerica.io/bill/98-S-2691/
MLA
"S. 2691: A bill to amend the Internal Revenue Code of 1954 to allow a deduction for additions to reserves for refunds of beverage container deposits.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-S-2691/.
Bluebook (legal)
S. 2691, 98th Cong. (2026), https://openamerica.io/bill/98-S-2691/.
Markdown link
[S. 2691: A bill to amend the Internal Revenue Code of 1954 to allow a deduction for additions to reserves for refunds of beverage container deposits.](https://openamerica.io/bill/98-S-2691/)
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