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United States · Bill · HR

H.R. 7013 (95th)

A bill to amend the Internal Revenue Code of 1954 to provide a tax credit for installing solar energy equipment in residential buildings, to provide low-interest loans under the Energy Research and Development Administration for such installations.

referredUnited States· United States Congress· EN

Introduced

9 May 1977

Last action

9 May 1977 · Introduced

Status

Referred to House Committee on Banking, Finance and Urban Affairs.

Sponsors

Rep. Lloyd, James F. [D-CA-35], Rep. Bedell, Berkley W. [D-IA-6], Rep. Bonior, David E. [D-MI-12], Rep. Frey, Lou, Jr. [R-FL-9], Rep. Glickman, Dan [D-KS-4], Rep. Hannaford, Mark W. [D-CA-34], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Jeffords, James M. [R-VT-At Large], Rep. Jenrette, John W., Jr. [D-SC-6], Rep. LaFalce, John J. [D-NY-36], Rep. Lloyd, Marilyn [D-TN-3], Rep. Madigan, Edward R. [R-IL-21], Rep. Mitchell, Donald J. [R-NY-31], RICHARD NOLAN, Rep. Patterson, Jerry M. [D-CA-38], Rep. Pepper, Claude [D-FL-14], Rep. Pursell, Carl D. [R-MI-2], Rep. Vento, Bruce F. [D-MN-4], Rep. Whitehurst, G. William [R-VA-2], Rep. Winn, Larry, Jr. [R-KS-3], DON YOUNG

Subjects

Energy, Taxation

Source updated

1 August 2024

Energy · Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to allow to an individual a tax credit of 25 percent of the qualified solar energy equipment expenditures paid or incurred by the taxpayer during the taxable year to the extent that such expenditures do not exceed $8,000. Permits the Administrator of Energy Research and Development to make a loan to a qualified applicant for the installation of solar energy equipment in new residential buildings. Specifies formulas for determining the maximum amount and the interest rate of such a loan, and sets a term at not more than 15 years. Establishes in the Treasury of the United States a solar energy equipment installation loan fund to pay for expenses incurred in carrying out the obligations of the Administrator under the loan program. States that amounts received in repayment of such loans shall be deposited in the installation fund.

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

Timeline

  1. 9 May 1977

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 9 May 1977

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 9 May 1977

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

Sources

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