An overhaul of the federal tax system was signed into law last month, ushering in major changes in how businesses throughout the recycling industry are taxed. At the same time, impacts may be felt at recycling nonprofit groups as some analysts predict declines in charitable giving.
The federal tax bill before Congress this week retains tax incentives and exemptions that could boost the recycling sector.
A key unknown during the Congressional tax negotiations was the fate of tax-exempt private activity bonds, which are frequently utilized in the solid waste and recycling industry. It now appears they’ll be retained.
Tax reform legislation moving through Congress could help recycling companies deduct equipment expenditures.
Tax reform bills approved by the U.S. House and Senate include sweeping cuts to business taxes, and recycling industry associations are applauding the business-friendly measures.
Keith Ellison speaks at the 2017 Resource Recycling Conference.
In a rousing speech to recycling leaders, U.S. Rep. Keith Ellison explained how pushing forward on materials diversion will lead to a higher quality of life for everyone.
Advocates for national recycling legislation convened in the nation’s capital last week to promote a bill sponsored by U.S. Rep. Keith Ellison.
In a bid to reduce contamination in the recycling stream, California lawmakers have revised the state’s definition of polyethylene terephthalate (PET) to exclude the glycol-modified version of the resin PETG. The change means products made from the altered plastic are barred from using resin code No. 1.
Cartons, corrugate, expanded polystyrene, film and pouches are among the materials and products California officials say could be subject to mandatory packaging management rules.
State recycling money is on the chopping block in Pennsylvania, the latest arena in which legislators look to draw from recycling support funds as a way to balance the state budget.
California lawmakers have sent the governor a bill mandating that carpet stewards achieve a 24 percent recycling rate and discouraging the use of incineration. Meanwhile, carpet makers are sticking with their beleaguered stewardship group, instead of submitting alternative collection and recycling plans.