Energy Research and Development Tax Incentives Act of 1981

Summary

Energy Research and Development Tax Incentives Act of 1981 - Amends the Internal Revenue Code to allow a nonrefundable income tax credit for energy research and development expenditures made in the United States. Limits the amount of such credit to 20 percent of the research expenditures in a taxable year which exceed the average amount of such expenditures made during the immediately preceding five taxable years. Defines "research and development" to mean: (1) basic and applied research; (2) exploratory development; (3) technology development; and (4) concept and demonstration development. Provides for limited carrybacks and carryovers of credit amounts which exceed limitations in any particular taxable year.

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

Timeline

No timeline events have been ingested for this record yet.

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 · 16 June 1981

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.