Allowance boost for US recyclers

Archiv – United States | The US recycling industry is to benefit from a new law which offers a 50% accelerated depreciation allowance in the first year for purchases of eligible recycling equipment. The law was signed last week by US President Bush as part of the country’s financial rescue package.United States | The US recycling industry is to benefit from a new law which offers a 50% accelerated depreciation allowance in the first year for purchases of eligible recycling equipment. The law was signed last week by US President Bush as part of the country’s financial rescue package.
According to the US Institute of Scrap Recycling Industries (ISRI), the benefit to the recycling sector will amount to at least US$ 162 million over a 10-year period. The move is limited to eligible recycling equipment purchased after August 31 this year. Eligible equipment is defined to include only machinery and equipment used exclusively to collect, distribute or recycle scrap paper, metal, plastic, glass, textiles, rubber, packaging and electronics.
The new law establishes an important precedent by defining – for the first time in federal statute – ’electronic scrap’ rather than ’electronic waste’, notes ISRI. This is a significant step, it says, towards changing the way recycled electronics materials and electronics recyclers are treated under federal law.