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CHEM WASTE SAYS NEW LOUISIANA DISPOSAL TAX BENEFITS ENVIRONMENT, SMALL WASTE GENERATORS

 CHEM WASTE SAYS NEW LOUISIANA DISPOSAL TAX
 BENEFITS ENVIRONMENT, SMALL WASTE GENERATORS
 OAK BROOK, Ill., July 1 /PRNewswire/ -- Chemical Waste Management Inc. (NYSE: CHW) said today it is pleased that Louisiana has enacted new legislation that establishes a more balanced tax on the management of hazardous wastes and that benefits the state's small quantity generators.
 The new law lowers the tax to $40 per ton on wastes disposed at commercial treatment facilities. Previously, such wastes were taxed a total of $85 per ton -- $60 per ton for disposal plus $25 per ton for the transportation necessary to move the waste to those commercial facilities. Wastes disposed on site at the plants where they are produced will continue to pay a $30 per ton tax.
 "This law benefits the more than 4,000 Louisiana companies that produce small volumes of waste and rely upon commercial treatment and disposal facilities such as ours to safely manage their wastes. These companies simply do not have the resources, the capital or the economies of scale to justify treating and disposing of their own wastes," the company said.
 "It is good for the environment because it means companies and governmental agencies can select a disposal site based on its level of environmental protection, not its level of taxation," CWM added.
 "We believe the legislature and the governor's office have acted very courageously to help companies in Louisiana achieve their environmental goals by bringing Louisiana's tax more in line with those in other states," the company noted.
 Chemical Waste Management, which operates a commercial treatment and disposal facility near Lake Charles, La., is the nation's largest hazardous waste management and industrial services company.
 -0- 7/1/92
 /CONTACT: Bruce Tobecksen, 708-218-1602, Joe Pokorny, 708-218-1689, or Bob Reincke, 708-218-1670, all of CMW/
 (CHW) CO: Chemical Waste Management Inc. ST: Illinois IN: SU:


AH -- NY130 -- 5975 07/01/92 20:24 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
Words:314
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