A Word About Recycling with Ollie Maier

As 2017 comes to an end, we want to wish you a happy, successful and safe New Year. Knowing you’re probably very busy with Holiday events – visiting family, watching games, taking down the tree, recycling items from Christmas, etc.– we again do not want to take up a lot of your time, so here are just a couple of brief items we enjoyed seeing.

From a Recycling Today eNewsletter, an item we were not aware of but are quite pleased with involves loose change (money) which after our holiday spending, we all like to see saved.

The article started: “The Institute of Scrap Recycling Industries (ISRI), Washington, has applauded the decision by the U.S. Mint to resume the mutilated coin redemption program after a nearly three-year suspension.”

It continued, “The program is worth millions of dollars to the recycling industry, which recovers coins left in end-of-life products turned over for scrap processing,”

ISRI explained: “Recycling facilities across the United States have been recovering coins from scrap for decades. The coins come from loose change left in cars or that has fallen between the seats, money left in vending machines and coin-operated laundry machines, and other sources.

“As recycling technology has advanced, the ability to accumulate coins in significant quantities has grown quickly and is an integral part of many recycling companies’ operations and product lines.”

This is great news as almost no one, probably including you and I, or business, has money to throw away.

The other item, taken from a Resource Recycling eNewsletter, also involves money. It talks about how the final tax bill affects the recycling industry. Although the article was published before the final bill was passed, it does give a clue to what could be some of its effects on recycling.

One of the key components of the bill for the recycling industry, corporations is it allows immediate and full expensing on qualified equipment purchases from September 2017 through 2023 and then begins to lower the expensing allowance each subsequent year. The Institute of Scrap Recycling Industries (ISRI) beleives, this could impact recycling industry equipment in a lot of ways.

Along the same line, it allows small businesses to deduct qualified asset purchases up to $1 million, rather than the current $500,000 cap. The new bill also retains the tax-exempt private-activity bond provision which allows recycling facilities to receive tax exempt financing akin to government bonds.

Let’s hope these items were part of the bill that was actually passed. if there was a significant change in them, we will try to address it in a future column.

Till next week, we again want to wish you a happy and safe New Years...

-- Ollie is a local citizen concerned with the environment and helping others. A retired Air Force fighter and instructor pilot, he is a graduate of Leadership San Marcos and received his degrees at Texas State University where he worked on staff before totally retiring. For questions or comments, he invites you to call him at 512-353-7432 or e-mail omaier@txstate.edu

San Marcos Daily Record

(512) 392-2458
P.O. Box 1109, San Marcos, TX 78666