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United States · Bill · HR

H.R. 17247 (93rd)

Solid Waste Energy Act

referredUnited States· United States Congress· EN

Introduced

10 October 1974

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

3 September 2025

Official sourceView documentsShare

Summary

Solid Waste Energy Act - Provides that any expenditure, otherwise chargeable to a capital account, for the acquisition and installation of equipment for reduction of solid waste to a form suitable as an energy source shall be treated as a business expense of the current taxable year for purposes of a tax deduction under the Internal Revenue Code. Limits such tax deduction to the lesser of the taxpayer's pre-tax profit or $500,000. Allows a carryover of the undeducted excess to the next taxable year.

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Documents

1 official file

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