OnTheIssues.org EXPLANATION: This bill would make costs for recycling be tax-deductible for businesses that build facilities to handle recyclable beverage containers.
OFFICIAL CONGRESSIONAL SUMMARY: Amends the Internal Revenue Code to exclude from gross income interest on industrial development bonds the proceeds of which are to be used to provide for the construction, reconstruction, erection, or acquisition of a beverage container facility used in connection with a law prohibiting or discouraging the sale of beverages in nonreturnable containers.
