A bill to amend the Internal Revenue Code of 1954 to provide a refundable tax credit for qualifying security devices.

Summary

Amends the Internal Revenue Code to provide a refundable income tax credit equal to 15 percent of the purchase and installation price of a security device placed in a building or residence. Allows a maximum credit of $400. Includes as security devices eligible for such credit locks, fire, smoke, temperature, gas, anti-theft, anti-intrusion, and personal health emergency alarms. Excludes bars, screens and other physical barriers.

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Timeline

1. 29 September 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 29 September 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 September 1981

   Introduced

   Introduced in House

   Source: IntroReferral

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 · 29 September 1981

  Open at official source

Sponsors

• Rep. Porter, John Edward [R-IL-10] · R · Sponsor
• Rep. Spence, Floyd [R-SC-2] · R · Sponsor
• Del. Won Pat, Antonio B. [D-GU-At Large] · D · Sponsor
• Rep. Bingham, Jonathan B. [D-NY-22] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide a refundable tax credit for qualifying security devices.