Nov 2- NY - New York Collects $120M in Unclaimed Bottle Deposits
NY's expanded beverage container deposit law ("Bottle Bill") has netted the state $120 million in unclaimed deposits.
The New York Bottle Bill was expanded in Oct. 31, 2009 to add water bottles to the list of beverage containers requiring a 5-cent refundable deposit. In addition, beverage companies are now required to transfer 80% of the unredeemed deposits to the state General Fund, whereas before, beverage companies were allowed to keep all the unclaimed deposits.
The bottle bill has also created green jobs - the number of registered redemption centers which take back empty containers grew by 113 in 2009 and an additional 131 as of October 2010. Many of these small businesses have been able to expand and increase their employees’ wages and benefits.
Learn more about NY's Bottle Bill
- Teresa Bui's blog
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