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Bailout Package
Incentives for Recycling Equipment
Ask your accountant or tax advisor to
confirm the specifics as to how it might
apply to your situation, but if you are
considering the purchase of recycling
equipment, here is something to check
out for possible tax benefits:
New first-year
bonus
depreciation.
For property placed in service after
August 31, 2008, 50 percent
first-year bonus depreciation is
allowed for qualified reuse and
recycling property. "Qualified reuse
and recycling property" is any
machinery and equipment (not
including buildings or real estate)
along with all appurtenances,
including software necessary to
operate such equipment, which is
used exclusively to collect,
distribute, or recycle qualified
reuse and recyclable materials.
"Qualified reuse and recyclable
materials" means scrap plastic,
scrap glass, scrap textiles, scrap
rubber, scrap packaging, recovered
fiber, scrap ferrous and nonferrous
metals or Waste_Recycling_Articles.htm scrap (cathode
ray tube, flat panel screen or
similar video display devices with a
screen size greater than four inches
measured diagonally, or any central
processing unit) generated by an
individual or business. It does not
include rolling stock or other
equipment used to transport reuse
and recyclable materials. It must
also be property to which the
modified accelerated cost recovery
system (MACRS) applies, have a
useful life of at least five years,
and the original use of the property
must begin with the taxpayer after
August 31, 2008. It must be acquired
by the taxpayer after August 31,
2008 by purchase but only if no
written binding contract for such
purchase was in effect before
September 1, 2008.
'Greening' Your Office Saves Money
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The average office worker uses 10,000
sheets of copier paper every year.
Citigroup, a financial services company,
found it could save $700,000 (and a
great many trees) annually if every
employee used double-sided copying to
conserve just one sheet of paper each
week.
Given such numbers, CB Richard Ellis
Group, Inc.'s (CBRE) new recycling
initiative could make a big dent in the
amount of waste produced by office
workers: CBRE is the biggest commercial
real estate services company in the
world. As part of its commitment to
assisting clients with environmentally
sustainable efforts, it plans to set up
or revamp recycling programs throughout
the 246 million-square-foot portfolio of
office space it manages across 43
states.
EPA is providing technical assistance
and logistical support for CBRE's
efforts. As a result of EPA and CBRE
collaboration, each CBRE facility will
carry out a waste audit, develop and
implement a recycling plan, conduct
employee education on recycling, and
measure and report its waste reduction
activities.
The initial focus of CBRE's program will
be on properties it manages, with a
two-year introduction to all markets and
properties. CBRE will establish
processes for operations and maintenance
recycling, focusing on wastes produced
through building maintenance, such as
thermostats, lamps, ballasts, and
batteries. It will also focus on waste
generated by tenants, such as cardboard,
office paper, bottles, and cans.
CBRE has piloted the recycling program,
focusing on fiber (paper), at six Atlanta office properties totaling 2 million
square feet and 4,000 occupants. The
first data collected, for this past
January-April, found that waste-hauling
costs had been reduced by 20 percent.
The fiber recycling was especially
successful, with 0.6 pounds recycled per
occupant every day. CBRE did a
pre-program audit and was surprised by
the sheer number of plastic bottles
needing disposal. Expansion of the
recycling program will capitalize on
this opportunity.
CBRE's workplace recycling initiative is
something that both tenants and
landlords can agree on-"It's just smart
business all the way around," says Marcy
Moneypenny, a director with CBRE's Asset
Services Division in
Atlanta. "A
successful recycling program not only
means a greener tomorrow
environmentally, but financially as
well."
Recycling - 10 Easy Steps for Getting
Started
Chances are that your business has lots
of materials in your waste stream (going
to landfills) that could be recycled.
Whether it is corrugated cardboard,
paper, newsprint, PET plastics, HPDE
plastic, foam, scrap metals, radiators,
used beverage cans, bottles, core tubes,
or numerous other materials, the chances
are good that there is a market for some
of your waste stream. If your business
is interested in starting an in-house
recycling program, the biggest question
people have is, how do you get started?
Follow this link for 10 easy steps to
getting started in your recycling
endeavor.
Thank you for your
continued support and referrals.
Please feel free to forward this
newsletter to others and encourage them
to sign up.
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