Alcohol Production Tax Incentive Act of 1979

Summary

Alcohol Production Tax Incentive Act of 1979 - Amends the Internal Revenue Code to allow a taxpayer to elect an income tax deduction with respect to the amortization, based on a 60 month period, of any qualified alcohol producing facility which is: (1) property of a character subject to the allowance for depreciation; (2) used as an integral part in the production of alcohol from coal, biomass, or agricultural products; (3) a research facility used in connection with such production; or (4) a facility used in connection with such production for the bulk storage of fungible commodities.

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

Timeline

1. 13 July 1979

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 13 July 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 July 1979

   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 · 13 July 1979

  Open at official source

Sponsors

• Rep. Fisher, Joesph L. [D-VA-10] · D · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.