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United States · Bill · HR

H.R. 12074 (93rd)

A bill to impose certain taxes on energy industries and create certain incentives for energy investment.

referredUnited States· United States Congress· EN

Introduced

20 December 1973

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Revises the Internal Revenue Code by imposing an energy emergency tax on the taxable income of every energy corporation for each taxable year ending after December 31, 1972, and beginning before the termination of the energy emergency period as defined by the Act. Provides that the tax shall be an amount equal to the amount of the surcharge for the taxable year, as computed under this Act. Sets forth the method of computation of the surcharge.

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Documents

1 official file

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Sources

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