S 3654 · 109th Congress · Taxation

RISE Act

Introduced 2006-07-13· Sponsored by Sen. Jeffords, James M. [I-VT]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7515-7516)(2006-07-13)

Plain Language Summary

[AI summary unavailable — showing source text] Recycling Investment Saves Energy or the RISE Act - Amends the Internal Revenue Code to: (1) allow a taxpayer election of a tax credit for 15% of the cost of qualified reuse and recycling property or a tax deduction for 50% of the adjusted basis of such property; and (2) define solid waste disposal facilities to include reuse and recycling functions for purposes of tax-exempt bond financing.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Democrats
Sen. Carper, Thomas R. [D-DE]DE
Sen. Bayh, Evan [D-IN]IN