A bill to amend the Internal Revenue Code of 1954 to allow individuals a refundable tax credit for amounts paid for electricity or natural gas under fuel adjustment clauses.

Summary

Amends the Internal Revenue Code to allow individual taxpayers a refundable income tax credit for public utility surcharges imposed upon such taxpayer under fuel adjustment clauses with respect to the purchase of electricity or natural gas for nonbusiness uses in the taxpayer's principal residence. Limits the amount of such credit to $200 for a taxable year.

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Timeline

1. 2 August 1979

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 2 August 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 August 1979

   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 · 2 August 1979

  Open at official source

Sponsors

• Rep. Mica, Daniel Andrew [D-FL-14] · D · Sponsor
• · hswm00 · Standing

Related records

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