A bill to amend the Internal Revenue Code of 1954 to provide a tax credit for home heating oil expenses.

Summary

Amends the Internal Revenue Code to allow individuals a refundable income tax credit equal to 25 percent of the total cost of heating oil purchased by such individual for use in a residence for residential purposes. Limits the dollar amount of such credit to $150 for the taxable year. Reduces the amount of such credit by one percent of the amount by which the taxpayer's adjusted gross income exceeds $15,000.

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

Timeline

1. 18 September 1979

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 18 September 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 September 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 · 18 September 1979

  Open at official source

Sponsors

• Rep. Coughlin, Lawrence [R-PA-13] · R · Sponsor
• · hswm00 · Standing

Related records

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