Freedom of Energy Investment Act

Summary

Freedom of Energy Investment Act - Limits the recognition of gain from the sale or exchange of stock in a qualified energy corporation to the extent that the amount realized on such sale or exchange exceeds the cost of qualified energy corporation stock purchased by the taxpayer during the 90 day period after the date of such sale or exchange. Defines "qualified energy corporation" as any domestic corporation which is engaged primarily in the exploration for, or development, sale, or production of, energy, the manufacture of equipment for such purposes, or research or development. Terminates the provisions of this Act on the date of the third year after its enactment.

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1 official file

• Introduced in House

  summary · EN · 1 May 1979

  Open at official source

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