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United States · Bill · HR

H.R. 811 (96th)

Methanol Fuel Act of 1979

referredUnited States· United States Congress· EN

Introduced

15 January 1979

Last action

15 January 1979 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Whitehurst, G. William [R-VA-2], Rep. Dornan, Robert K. [R-CA-46], Rep. Findley, Paul [R-IL-20], Rep. Horton, Frank J. [R-NY-29], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Long, Clarence D. [D-MD-2], Sen. Lott, Trent [R-MS], Sen. Markey, Edward J. [D-MA], Rep. Moakley, John Joseph [D-MA-9], Rep. Murphy, Austin J. [D-PA-20], Rep. Pursell, Carl D. [R-MI-2], Rep. Robinson, J. Kenneth [R-VA-7], Rep. Stokes, Louis [D-OH-11], Rep. Albosta, Donald J. [D-MI-10], Rep. Evans, Billy Lee [D-GA-8], Rep. Mitchell, Donald J. [R-NY-31], Rep. Neal, Stephen L. [D-NC-5], Rep. Pepper, Claude [D-FL-18], Rep. Gephardt, Richard A. [D-MO-3], Rep. Heftel, Cecil [D-HI-1], Rep. Kindness, Thomas N. [R-OH-8], Rep. Roth, Toby [R-WI-8], Rep. Clausen, Don H. [R-CA-2], Rep. Corcoran, Tom [R-IL-14], Rep. Lujan, Manuel, Jr. [R-NM-1], Rep. Daniel, Robert W., Jr. [R-VA-4], Rep. Hughes, William J. [D-NJ-2], Sen. Trible, Paul S., Jr. [R-VA], Sen. Jeffords, James M. [I-VT], Rep. Cleveland, James C. [R-NH-2], Rep. Patterson, Jerry M. [D-CA-38]

Subjects

Taxation

Source updated

2 September 2025

Taxation

Official sourceView documentsShare

Summary

Methanol Fuel Act of 1979 - Amends the Internal Revenue Code to allow individuals to elect an income tax deduction with respect to the amortization of any qualified methanol producing facility based on a period of 60 months. Defines the term "qualified methanol producing facility" to mean any tangible property: (1) which is used in producing methanol from coal, wood, waste, or natural gas; and (2) which is of a character subject to the allowance for depreciation. Specifies the amount of such deduction. Provides that such deduction shall be in lieu of a depreciation deduction. Exempts gasoline and special fuels containing at least ten percent methanol from excise taxes otherwise imposed on gasoline and special fuels.

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

Timeline

  1. 15 January 1979

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 15 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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