S. 1587 would amend the Internal Revenue Code to allow a special depreciation allowance for reuse and recycling property and to provide for tax-exempt financing of recycling equipment.

== Detailed Summary ==

<summary>
(Log in to editRecycling Investment Saves Energy or the wiki and beRISE Act - Amends the firstInternal Revenue Code to provideallow: (1) a detailed summaryfirst-year tax deduction of 50% of the bill!)adjusted basis of qualified reuse and recycling property; and (2) tax-exempt bond financing for recycling facilities. Defines &quot;qualified reuse and recycling property&quot; as property placed in service after December 31, 2006, which has a useful life of at least five years and which is used exclusively to collect, distribute, or recycle certain scrap materials.
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== Status of the Legislation ==

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(Log inLatest Major Action: 6/11/2007: Referred to edit the wikiSenate committee. Status: Read twice and be the firstreferred to update the status of the bill!)Committee on Finance.
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== Points in Favor ==

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== Points Against ==

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