A bill to amend the Internal Revenue Code of 1954 to provide, for purposes of the residential energy credit and the investment tax credit, that a State or local program shall not be treated as having a principal purpose of providing subsidized energy financing unless subsidized energy financing represents 5 percent or more of the total outstanding loan balance of loans provided under the program.

Summary

Amends the Internal Revenue Code to provide, for purposes of the residential energy tax credit and the investment tax credit, that a State or local program shall not be treated as having a principal purpose of providing subsidized energy financing unless such financing represents five percent or more of the total outstanding loan balance of loans provided under the program. Sets forth similar rules for proceeds of industrial development bonds.

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

Timeline

1. 13 April 1983

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 13 April 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 April 1983

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 13 April 1983

  Open at official source

Sponsors

• Rep. AuCoin, Les [D-OR-1] · D · Sponsor
• Rep. Weaver, James H. [D-OR-4] · D · Sponsor
• Sen. Wyden, Ron [D-OR] · D · Sponsor
• Rep. Smith, Denny [R-OR-5] · R · Sponsor
• Rep. Smith, Robert [R-OR-2] · R · Sponsor
• · hswm00 · Standing

Related records

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