A bill to amend the Internal Revenue Code of 1954 to encourage the construction of treatment works to control water pollution by permitting the deduction of expenditures for the construction, erection, installation, or acquisition of such treatment works.

Summary

Allows an income tax deduction under the Internal Revenue Code to a taxpayer who elects to treat expenditures paid or incurred by him during the taxable year, in connection with his trade or businesss, for the construction, erection, installation, or acquisition of any certified water pollution control treatment works, as expenses which are not chargeable to capital account. (Adds 26 U.S.C. 183)

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

Timeline

1. 3 January 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 3 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in House

  summary · EN · 3 January 1973

  Open at official source

Sponsors

• Rep. Michel, Robert H. [R-IL-18] · R · Sponsor
• · hswm00 · Standing

Related records

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