To amend the Internal Revenue Code of 1986 to impose an additional tax on income derived from publishing newspapers which do not use recycled newsprint.

Amends the Internal Revenue Code to impose an additional tax on income derived from publishing a newspaper which does not use at least 50 percent recycled newsprint.

 
HR 4209 IH
101st CONGRESS
2d Session
 H. R. 4209
To amend the Internal Revenue Code of 1986 to impose an additional tax on
income derived from publishing newspapers which do not use recycled newsprint.
IN THE HOUSE OF REPRESENTATIVES
March 7, 1990
Mr. DONNELLY introduced the following bill; which was referred to the
Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to impose an additional tax on
income derived from publishing newspapers which do not use recycled newsprint.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled, That (a) subchapter A of chapter
  1 of the Internal Revenue Code of 1986 (relating to determination of tax
  liability) is amended by adding at the end thereof the following new part:
`PART VIII--ADDITIONAL TAX ON NEWSPAPERS NOT USING RECYCLED NEWSPRINT
`Sec. 59B. Additional tax on newspapers not using recycled newsprint.
`SEC. 59B. ADDITIONAL TAX ON NEWSPAPERS NOT USING RECYCLED NEWSPRINT.
  `(a) IMPOSITION OF TAX- In addition to any other tax imposed by this
  subtitle, there is hereby imposed a tax equal to 5 percent of the
  disqualified newspaper income (if any) for the taxable year.
  `(b) DISQUALIFIED NEWSPAPER INCOME- For purposes of this section--
  `(1) IN GENERAL- The term `disqualified newspaper income' means the gross
  income received or accrued by the taxpayer during the taxable year in
  connection with the trade or business of publishing a major newspaper
  unless 50 percent or more of the newsprint used by such newspaper during
  such taxable year consists of recycled newsprint.
  `(2) MAJOR NEWSPAPER- The term `major newspaper' means any newspaper if--
  `(A) such newspaper is published at least 5 days per week, and
  `(B) such newspaper sells an average of 50,000 copies per publication.
  `(3) RECYCLED NEWSPRINT- The term `recycled newsprint' means any newsprint
  at least 50 percent of the paper content of which consists of paper--
  `(A) which has been scrapped or otherwise discarded or collected as an
  element of solid waste and has been recovered in whole or in part and
  reprocessed into a new raw material for use in the manufacturing of new
  paper, and
  `(B) which is not waste materials generated by the newsprint manufacturing
  process and reused as part of such process.
  `(c) CREDITS NOT ALLOWABLE; COORDINATION WITH MINIMUM TAX- The tax imposed
  by this section shall not be treated as tax imposed by this chapter for
  purposes of--
  `(1) any credit allowable under this chapter, or
  `(2) the amount of the minimum tax imposed by section 55'.
  (b) The table of parts for subchapter A of chapter 1 of such Code is
  amended by adding at the end thereof the following new item:
`Part VIII. Additional tax on newspapers not using recycled newsprint.'
  (c) The amendments made by this section shall apply to taxable years
  beginning after December 31, 1995.