Budget Deal Includes More Than $1 Billion in Tax Credits Supported by NWRA
Tax Credits Extended for One Year as Part of Temporary Spending Bill
Arlington, VA – Early this morning, the House and the Senate agreed on legislation to fund the federal government through March 23, 2018, so that Congress can enact a full-year omnibus appropriations measure for fiscal tear 2018. The budget deal includes a one-year extension of more than $1 billion in tax credits favored by the National Waste & Recycling Association (NWRA).
The tax credits include: $555 million over 10 years for the alternative fuel tax credit, $542 million over 10 years for the energy property tax credit and $67 million over 10 years for the clean vehicles tax credit.
“We applaud Congress for including the tax extenders package as part of this budget deal,” said NWRA President and CEO Darrell Smith. “Passage of this legislation gives our members needed certainty in these areas so they can grow and expand their businesses. We look forward to working with Congress to ensure these credits are renewed next year.”
The National Waste & Recycling Association (NWRA) represents the private sector waste and recycling services industry. Association members conduct business in all 50 states and include companies that manage waste, recycling and medical waste, equipment manufacturers and distributors, and a variety of other service providers. For more information about NWRA, please visit www.wasterecycling.org.
National Waste and Recycling Association