To amend the Internal Revenue Code of 1986 to provide incentives for any newspaper with a circulation of more than 150,000 copies daily to use recycled newsprint.
Newspaper Incentive Recycling Conservation Act of 1989 - Amends the Internal Revenue Code to deny the use of the accelerated cost recovery system for determining the depreciation deduction for major newspapers that are not using the required percentage of recycled newsprint.
Reduces the deduction for trade or business expenses for major newspapers that do not use such required percentage.
Establishes an investment tax credit for recycling equipment.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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