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Container deposit legislation was repealed by Senate Bill 234.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]
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 ...
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.
Deposit notice on a bottle sold in continental U.S. indicating the container's deposit value in various states; "CA CRV" means California Redemption Value. The Tennessee Bottle Bill is citizen-supported container-deposit recycling legislation, which if enacted will place a 5-cent deposit on beverage containers sold in Tennessee.
The deposits make funds available for lending in those communities, and 2 basis points of deposits in participating banks are donated to local nonprofits. (One basis point equals 0.01-percent.)
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A certificate of deposit — or CD — is a type of deposit or savings account that allows you to grow your savings at higher rates of return than a traditional savings account.
In addition, there are minimum deposit requirements of $10,000, $1,000, $500 or even $0, depending on the bank. Some institutions offer jumbo CDs that require a minimum of $100,000.