Friday, April 21st, 2006...7:26 am...by:
Tax Break to Recycle Old Computers and Monitors
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Congress is considering a bill that would offer a new tax break to companies and individuals if they recycle old computers or monitors. Companies would receive a tax credit of $8 per piece of hardware, as long as they recycled at least 5,000 screens or computers a year. Individuals that recycle these same items would receive $15 tax credits.
The measure is called the Electronic Waste Recycling and Promotion and Consumer Protection Act and is sponsored by senators Ron Wyden, D-Ore., and Jim Talent, R-Mo. There is also a related proposal in the House of Representatives which would levy a new $10-per-unit tax to pay for the costs of recycling.
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