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A deposit-refund system (DRS), also known as deposit-return system, advance deposit fee or deposit-return scheme, is a surcharge on a product when purchased and a rebate when it is returned. A well-known example is when container deposit legislation mandates that a refund is given when reusable packaging is returned.
Container-deposit legislation (also known as a container-deposit scheme, deposit-refund system or scheme, deposit-return system, or bottle bill) is any law that requires the collection of a monetary deposit on beverage containers (refillable or non-refillable) at the point of sale and/or the payment of refund value to the consumers. When the ...
Container deposit legislation was repealed by Senate Bill 234. As of December 1, 2010, consumers no longer paid a deposit on containers; no refunds were paid after February 1, 2011. [45] Delaware had a non-refundable 4¢ tax per beverage container sold, which retailers remitted to the state monthly. This fee expired as of December 1, 2014. [46]
The deposit gave consumers an incentive to return the bottle and "defrayed the cost of the bottle when it was not returned". [1] The Great Depression and "materials shortages" during World War II made the deposit system common for milk, beer, and soda bottles. [1] By 1947, bottle loss in the United States decreased to about 3 to 4%. [1]
The screwed-up timeline and our screwed-up financial system left those people with a lose-lose situation: If they, in advance, sent checks or set up online payments for bills, but their paychecks ...
IRS TREAS 310 signals an ACH direct deposit refund or stimulus payment resulting from a filed tax return, amendment, or tax adjustment. According to CNET, 310 is a code that identifies the ...
A deposit-refund system for contaminants like pesticides, which is similar to current programs for beverage containers could potentially reduce uncontrolled disposal, over-use, and recycling for pesticides. For example, the retail dealer could pay a deposit when purchasing pesticides, and pass the deposit to consumers, who could receive a ...
Most lease agreements lay out specific requirements that need to be met in order for the tenant to get a security deposit refund on move-out day. You can't claim that you didn't know about the ...