A bill to amend the Internal Revenue Code of 1954 to provide reasonable and necessary income tax incentives to encourage the utilization of recycled solid waste materials and to offset existing income tax advantages which promote depletion of virgin natural resources.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a deduction for a percentage of the amounts paid by the taxpayer in acquiring recycled solid waste materials for manufacture by the taxpayer into useful raw materials on salable products. Provides an amortization deduction with respect to the amortizable base of any solid waste recycling facility based on a 60 month period.…