A bill to amend the Internal Revenue Code of 1954 to provide businesses located in economically distressed areas a 30 percent credit against income tax for amounts paid or incurred for fuel oil used for heating a business facility.

referredUnited States· United States Congress· EN

Introduced

29 November 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow businesses located in economically distressed areas a nonrefundable income tax credit for 30 percent of fuel oil expenses incurred in heating such businesses.

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Documents

1 official file

Introduced in House
summary · EN · 29 November 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/5991
Open data entity: https://api.congress.gov/v3/bill/96/hr/5991