A bill to amend the Internal Revenue Code of 1954 to limit the application of the subsidized energy financing limitations on certain tax credit to Federal subsidies, and for other purposes.

Summary

Amends the Internal Revenue Code to remove from the subsidized energy financing limitation, for purposes of determining expenditures which qualify for the residential energy credit and the investment tax credit, energy financing received under State or local programs. Removes industrial development bond proceeds from the formula for reducing the qualified investment in energy property for purposes of the investment tax credit.

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

Timeline

1. 15 July 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 15 July 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 July 1981

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 15 July 1981

  Open at official source

Sponsors

• Rep. AuCoin, Les [D-OR-1] · D · Sponsor
• Rep. Heftel, Cecil [D-HI-1] · D · Sponsor
• Rep. Smith, Joseph F. [D-PA-3] · D · Cosponsor
• Rep. Weaver, James H. [D-OR-4] · D · Cosponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Cosponsor
• Sen. Jeffords, James M. [I-VT] · R · Cosponsor
• Sen. Wirth, Timothy [D-CO] · D · Cosponsor
• Rep. Fazio, Vic [D-CA-3] · D · Cosponsor
• Rep. Bedell, Berkley W. [D-IA-6] · D · Cosponsor
• Rep. Lundine, Stanley N. [D-NY-34] · D · Cosponsor
• Sen. Wyden, Ron [D-OR] · D · Cosponsor
• · hswm00 · Standing

Related records

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