A bill to amend the Internal Revenue Code of 1954 to provide that the provisions denying the investment tax credit and rapid methods of depreciation for certain oil boilers will not apply to certain efficient replacement oil boilers.

referredUnited States· United States Congress· EN

Introduced

7 June 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to qualify a replacement oil boiler whose energy savings cost can reasonably be expected to exceed its cost over a ten year period for the investment tax credit.

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Documents

1 official file

Introduced in House
summary · EN · 7 June 1979
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/4376
Open data entity: https://api.congress.gov/v3/bill/96/hr/4376