Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Landfill Reduction Act of 2000''.

SEC. 2. FINDINGS.

Congress finds that:
(1) While most forms of pollution are steadily being
reduced in the United States, solid waste discards are
projected to increase by 10 percent between 2000 and 2010,
based on Environmental Protection Agency data.
(2) American consumers and businesses spend an estimated $1
billion annually to dispose of cardboard boxes and low quality
shipping pallets.
(3) The cost of disposing of municipal solid waste has been
increasing at a 7 percent annual rate.
(4) There are regional shortages of solid waste disposal
capacity, and siting new facilities is contentious for local
governments. These conditions will be exacerbated by the growth
of solid waste discards.
(5) There are already spirited interstate disputes,
expressed in litigation and legislation, regarding efforts to
regulate interstate shipment of solid waste.
(6) Dozens of other nations are pursuing regulatory
approaches and surtaxes to reduce the amount of solid waste
from packaging.
(7) The Pollution Prevention Act of 1990 establishes a
hierarchy for handling waste, with source reduction and reuse
being preferable to recycling.
(8) It is in the national environmental and economic
interest to reaffirm and emphasize the Pollution Prevention Act
of 1990's priority on source reduction and reuse, without
resorting to new Federal regulatory requirements or new Federal
taxes.
(9) Emerging industry has the means to dramatically reduce
the amount of packaging waste, thereby conserving solid waste
disposal capacity, improving the environment, and reducing
unnecessary costs to consumers, local governments, and business
alike.

SEC. 3. PURPOSE.

The purpose of this Act is to provide tax incentives to encourage
the utilization of reusable wooden and plastic pallets and plastic
containers in order to fulfill the goals of the Pollution Prevention
Act of 1990, improve national environmental quality through reduced
solid waste, increase economic productivity by reducing the costs
associated with waste disposal, reduce inflationary pressures
associated with the escalating cost of waste disposal, reduce friction
among the States concerning interstate solid waste transportation, and
provide a cost-efficient nonregulatory model for addressing
environmental problems.

SEC. 4. INCREASE IN AGGREGATE COST OF REUSABLE PALLETS AND CONTAINERS
AND CERTAIN RELATED PROPERTY WHICH MAY BE EXPENSED.

(a) In General.--Section 179 of the Internal Revenue Code of 1986
(relating to election to expense certain depreciable business assets)
is amended by adding at the end the following new subsection:
''(e) Increased Expensing for Reusable Pallets and Containers and
Certain Related Property.--
''(1) In general.--The limitation under subsection (b)(1)
(after the application of paragraph (2) and before the
application of paragraph (3) of such subsection) shall not be
less than an amount equal to the lesser of--
''(A) $500,000, or
''(B) the cost of section 179 property which is
qualified reusable pallet and container property placed
in service during the taxable year.
''(2) Qualified reusable pallet and container property.--
For purposes of this subsection--
''(A) In general.--The term 'qualified reusable
pallet and container property' means--
''(i) property designed exclusively to
manufacture reusable pallet and container
property,
''(ii) reusable pallet and container
property used exclusively to transport items
manufactured or produced by the taxpayer but
only if--
''(I) such transportation is under
an arrangement for the return of such
property to the taxpayer for reuse, and
''(II) such property does not
replace other reusable pallet and
container property,
''(iii) property designed exclusively for
purposes of inspecting, repairing, cleaning, or
maintaining reusable pallet and container
property and used exclusively for such purposes
with respect to reusable pallet and container
property owned or leased by the taxpayer,
''(iv) property designed exclusively to
accommodate the use, or enhance the efficiency,
of any reusable pallet and container property
associated with harvesting, packing, handling,
or storage of agricultural products, and
''(v) property which modifies a display for
the retail sale of an item exclusively for
purposes of permitting such item to be
displayed in the reusable pallet and container
property in which such item was transported.
''(B) Subsection not to apply to certain
vehicles.--The term 'qualified reusable pallet and
container property' shall not include automobiles,
vessels, aircraft, trucks, forklifts, pallet jacks, or
rolling stock or other similar property.
''(3) Reusable pallet and container property.--For purposes
of this subsection, the term 'reusable pallet and container
property' means any wooden or plastic pallet or plastic crate
which is under an arrangement for the repeated return of such
property to its initial purchaser, for long-term reuse.
''(4) Termination.--This subsection shall not apply to any
taxable year beginning after December 31, 2008.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after the date of the enactment of this Act.
Output:
Makes this Act inapplicable to any taxable year beginning after December 31, 2008.