A bill to amend the Internal Revenue Code of 1954 to allow, in lieu of the amortization of amounts for pollution control facilities, a deduction in the year in which such amounts are paid or incurred.

referredUnited States· United States Congress· EN

Introduced

17 June 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to permit a taxpayer election to treat expenditures for pollution control facilities as a currently deductible expense (amortizable over a period of 60 months under existing law).

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 17 June 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/7603
Open data entity: https://api.congress.gov/v3/bill/96/hr/7603