Protecting America's Paper for Recycling Act

Bill: 114-s-1246
Sponsor: full_name: Sen. Stabenow, Debbie [D-MI]
Introduced: 2015-05-07
Policy area: Taxation
Subjects: Electric power generation and transmission

Income tax credits

Solid waste and recycling
Latest action: action_date: 2015-05-07
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2015-05-07
action_desc: Introduced in Senate
text: <p><strong>Protecting America's Paper for Recycling Act</strong></p> <p>Amends the Internal Revenue Code, with respect to the tax credit for producing electricity from renewable resources, to exclude from the definition of &quot;municipal solid waste&quot; solid waste that is collected as part of a system that includes materials recovery and that commingles commonly recycled paper with other solid waste that is not commonly recycled at any point from the time of collection through materials recovery. </p>

tv_txt: II 114th CONGRESS 1st Session S. 1246 IN THE SENATE OF THE UNITED STATES May 7, 2015 Ms. Stabenow (for herself and Mr. Boozman ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to revise the definition of municipal solid waste for purposes of the renewable electricity production credit.

1. Short title This Act may be cited as the Protecting America’s Paper for Recycling Act . 2. Revising definition of municipal solid waste under the renewable electricity production credit (a) In general Paragraph (6) of section 45(c) of the Internal Revenue Code of 1986 is amended by striking does not include and all that follows through the period and inserting the following: does not include— (A) paper which is commonly recycled and which has been segregated from other solid waste (as so defined), or (B) solid waste (as so defined) which is collected as part of a system which includes materials recovery and which commingles commonly recycled paper with other solid waste which is not commonly recycled at any point from the time of collection through materials recovery. . (b) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.