Small Business Pollution Prevention Opportunity Act of 2001

The Small Business Pollution Prevention Opportunity Act of 2001 (H.R. 978) proposed a federal tax credit for small businesses that replaced traditional dry cleaning equipment with more environmentally friendly alternatives. Under this bill, business owners could claim a tax credit equal to 20% of the cost of new equipment that does not use hazardous solvents, with the credit increasing to 40% for businesses located in designated economically distressed areas. For citizens, this legislation aimed to reduce public exposure to toxic chemicals used in the garment cleaning process by providing financial incentives for local cleaners to transition to "green" or wet-cleaning technologies.