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 pre-tax profit or $500,000. Allows a carryover of the undeducted excess to the next taxable year.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line