Solid Waste Energy Act

[AI summary unavailable — showing source text] Solid Waste Energy Act - Provides that any expenditure, otherwise chargeable to a capital account, for the acquisition and installation of equipment for reduction of solid waste to a form suitable as an energy source shall be treated as a business expense of the current taxable year for purposes of a tax deduction under the Internal Revenue Code. Limits such tax deduction to the lesser of the taxpayer's pretax profit or $500,000. Allows a carryover of the undeducted excess to the next taxable year.…