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Bill proposes new tax breaks for PC recycling

New proposal in Congress would offer a new tax break to companies and individuals if they recycle old computers or monitors.

A new proposal in Congress would offer a new tax break to companies and individuals if they recycle old computers or monitors. Companies would receive a tax credit of $8 per piece of hardware, as long as they recycled at least 5,000 screens or computers a year. Individuals would receive $15 tax credits.

The measure is called the Electronic Waste Recycling and Promotion and Consumer Protection Act and is sponsored by senators Ron Wyden, D-Ore., and Jim Talent, R-Mo. A related proposal in the House of Representatives would take a different approach by levying a new $10-per-unit tax to pay for the costs of recycling.