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

27 June 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow a taxpayer to treat as a deductible expense not chargeable to capital account any amount paid or incurred by him which otherwise would be taken into account in the amortizable basis of any certified pollution control facility.

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Documents

1 official file

Introduced in House
summary · EN · 27 June 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/8033
Open data entity: https://api.congress.gov/v3/bill/95/hr/8033