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United States · Bill · HR

H.R. 1460 (97th)

Methanol Fuel Act of 1981

referredUnited States· United States Congress· EN

Introduced

28 January 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Methanol Fuel Act of 1981 - Amends the Internal Revenue Code to allow individuals to elect an income tax deduction with respect to the amortization of any qualified methanol producing facility based on a period of 60 months. Defines the term "qualified methanol producing facility" to mean any tangible property: (1) which is used in producing methanol from coal, wood, waste, or natural gas; and (2) which is of a character subject to the allowance for depreciation. Specifies the amount of such deduction. Provides that such deduction shall be in lieu of a depreciation deduction.

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Documents

1 official file

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