A bill to amend the Internal Revenue Code of 1954 to repeal the requirement that operating capacity must increase for purposes of the energy credit allowed for intercity buses, and for other purposes.

Summary

Amends the Internal Revenue Code to repeal the requirement that the operating capacity of intercity buses must increase for such property to qualify for the investment tax credit. Treats a lessee of such property, in the case of an election with respect to applying the energy percentage, as having acquired the property for purposes of applying the energy percentage only.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 17 February 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 17 February 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 February 1981

   Introduced

   Introduced in House

   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 · 17 February 1981

  Open at official source

Sponsors

• Rep. Schulze, Richard T. [R-PA-5] · R · Sponsor
• Rep. Duncan, John J. [R-TN-2] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to repeal the requirement that operating capacity must increase for purposes of the energy credit allowed for intercity buses, and for other purposes.