To amend the Internal Revenue Code of 1986 to impose a tax on the sale by the manufacturer, producer, or importer of paper and paper products that do not contain the minimum amount of recovered materials, to allow an income tax credit for such products that exceed such minimum, and to amend the Solid Waste Disposal Act to require paper products to meet minimum content standards.
Paper Recycling Act of 1992 - Amends the Internal Revenue Code to impose an excise tax of four percent on the sale by the manufacturer, producer, or importer of any designated paper product that does not meet applicable minimum recycled content standards. Provides a higher tax on products which fail to satisfy the applicable standard and one or more levels below such standard.
Allows a business-related tax credit for the production of high recycled content paper.
Amends the Solid Waste Disposal Act to establish minimum recycled content standards for paper products for 1993 through 2004 and thereafter.
Introduced in House
Introduced in House
Referred to the House Committee on Energy and Commerce.
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Transportation and Hazardous Materials.
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