A bill to amend the Internal Revenue Code of 1954 to provide individuals a refundable credit against income tax for amounts paid or incurred for fuel oil and natural gas for principal residences in excess of the average cost of fuel oil and gas in 1978.

referredUnited States· United States Congress· EN

Introduced

24 October 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to permit taxpayers to elect a refundable income tax credit for the cost of fuel oil and natural gas for heating principal residences in excess of the average cost of fuel oil and gas in 1978. Requires a percentage reduction in the amount of such credit for taxpayers whose adjusted gross income exceeds certain specified levels.

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Documents

1 official file

Introduced in House
summary · EN · 24 October 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/5699
Open data entity: https://api.congress.gov/v3/bill/96/hr/5699