RemanCentral.com
Press Release
July
11, 2001
CONTACT: William
Gager
(703)
968-2772
gager@BuyReman.com
Remanufacturing Tax
Credit Included
in "Clean Energy Incentives Act"
Fairfax,
Virginia – In a press conference at the Capitol Building today, Representative Jay
Inslee (D-WA) announced the introduction of the “Clean Energy
Incentives Act,” H.R. 2392, a comprehensive package of corporate tax
incentives aimed at fostering energy savings and efficiency as well as
new sources of energy.
In
his remarks, Rep. Inslee specifically highlighted several industries
that will receive tax benefits for their environmentally friendly
efforts, including the remanufacturing community.
Said Inslee: “The market for remanufactured and recycled goods
will continue to grow, and Congress should help American businesses take
advantage of this economic opportunity.
My legislation will help encourage the production of
remanufactured and recycled products, by providing tax credits for the
purchase of equipment. We know that recycled and remanufactured products
save substantial amounts of energy, and helps our environment and our
economy.”
Brian
Tubbs, Director of Public Relations for The Remanufacturing Institute,
was among several industry representatives on hand for the news
conference and introduced by Rep. Inslee.
“We are very grateful for Congressman Inslee’s leadership in
recognizing the need for government to encourage those sectors of
private industry already providing numerous benefits to the
environment,” said Tubbs. “And
we are particularly appreciative of his including the remanufacturing
community in his tax incentives bill.”
The
inclusion of the Remanufacturing and Metals Recycling Tax Credit in H.R.
2392 gives the remanufacturing industry its third chance for tax relief
in the 107th Congress. It
is also included in H.R. 1037, the Small Employers’ Tax Relief Act;
and has been introduced as a stand-alone measure, H.R. 1304, by
Representatives Phil English (R-PA) and John Tanner (D-TN).
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The
Remanufacturing Institute (TRI)
is a non-profit, international trade association serving the $53
billion/year remanufacturing industry.
Remanufacturing is the ultimate form of recycling.
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