A bill to amend the Internal Revenue Code of 1954 to encourage greater conservation of energy in home heating and cooling by allowing individuals a credit for 25 percent of amounts paid or incurred for the installation of more effective insulation and heating equipment in existing residential structures.

Summary

Allows a tax credit under the Internal Revenue Code for 25 percent (up to $375 per year or $750 for a joint return) of amounts paid or incurred for the installation of qualified insulation and heating equipment in existing residential structures. Defines the terms "qualified insulative materials" and "qualified heating equipment". States that such income tax credits shall be available for the taxable years beginning after December 31, 1975.

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

Timeline

1. 6 February 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 6 February 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 February 1975

   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 · 6 February 1975

  Open at official source

Sponsors

• Sen. Cohen, William S. [R-ME] · R · Sponsor
• Rep. Moorhead, Carlos J. [R-CA-22] · R · Cosponsor
• Rep. Martin, James G. [R-NC-9] · R · Cosponsor
• Rep. Mazzoli, Romano L. [D-KY-3] · D · Cosponsor
• Rep. Abzug, Bella S. [D-NY-20] · D · Cosponsor
• Rep. Steelman, Alan [R-TX-5] · R · Cosponsor
• Rep. Wilson, Charles [D-TX-2] · D · Cosponsor
• Rep. Anderson, John B. [R-IL-16] · R · Cosponsor
• Rep. Ryan, Leo J. [D-CA-11] · D · Cosponsor
• Rep. Pritchard, Joel [R-WA-1] · R · Cosponsor
• Rep. Murtha, John P. [D-PA-12] · D · Cosponsor
• Rep. Heckler, Margaret M. [R-MA-10] · R · Cosponsor
• Rep. Seiberling, John F. [D-OH-14] · D · Cosponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• Sen. Lott, Trent [R-MS] · R · Cosponsor
• Rep. Flood, Daniel J. [D-PA-11] · D · Cosponsor
• Rep. Harrington, Michael J. [D-MA-6] · D · Cosponsor
• Rep. Collins, James M. [R-TX-3] · R · Cosponsor
• Rep. Mitchell, Donald J. [R-NY-31] · R · Cosponsor
• Rep. Spellman, Gladys Noon [D-MD-5] · D · Cosponsor
• Rep. Lent, Norman F. [R-NY-4] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to encourage greater conservation of energy in home heating and cooling by allowing individuals a credit for 25 percent of amounts paid or incurred for the installation of more effective insulation and heating equipment in existing residential structures.