A bill to amend the Internal Revenue Code of 1954 to provide tax incentives for investment in small corporations doing research in the area of energy development and conservation.

Summary

Amends the Internal Revenue Code to allow an individual to deduct from gross income the cost, not in excess of $50,000, of acquiring stock in a qualified energy invention corporation which had gross income preceding the year of stock issuance of not more than $100,000, and which owns a patent relating to the invention of an energy saving device or process.

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Timeline

1. 3 May 1978

   Introduced

   Introduced in House

   Source: IntroReferral

2. 3 May 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 May 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 3 May 1978

  Open at official source

Sponsors

• Rep. Lujan, Manuel, Jr. [R-NM-1] · R · Sponsor
• Rep. Runnels, Harold L. [D-NM-2] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to provide tax incentives for investment in small cooperations doing research in the area of energy development and conservation.