A bill to amend the Internal Revenue Code of 1954 to provide for the amortization of coal conversion facilities based on a 12-month period, and to establish a price support program for synthetic fuels produced from coal at such facilities.

referredUnited States· United States Congress· EN

Introduced

1 March 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide for the accelerated amortization of coal conversion facilities over a 12-month period. Authorizes the President to enter into price guarantee contracts with any person operating or proposing to construct or operate such facilities in order to make them economically feasible and competitive with alternative fuels.

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Documents

1 official file

Introduced in House
summary · EN · 1 March 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/4178
Open data entity: https://api.congress.gov/v3/bill/95/hr/4178