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United States · Bill · HR

H.R. 7505 (96th)

Industrial Energy Conservation Incentive Tax Act of 1980

referredUnited States· United States Congress· EN

Introduced

5 June 1980

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Industrial Energy Conservation Incentive Tax Act of 1980 - Amends the Internal Revenue Code to increase the investment tax credit energy percentage from ten to 20 percent for alternative energy property and for specially defined energy property. Makes such credit refundable. Provides for a refundable 20 percent investment tax credit for qualified conservation property. Defines "qualified conservation property" as property which is used by a taxpayer as an energy-saving modification to an existing industrial facility.

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1 official file

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