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United States · Bill · S

S. 1201 (99th)

A bill to amend the Internal Revenue Code of 1954 to extend the residential energy credit with respect to solar renewable energy source expenditures, with declining percentages of credit, through 1990.

openUnited States· United States Congress· EN

Introduced

23 May 1985

Last action

30 May 1985 · Committee

Status

Committee on Finance requested executive comment from OMB, Treasury Department, Energy Department.

Sponsors

Sen. Hawkins, Paula [R-FL], Sen. Armstrong, William L. [R-CO], Sen. Heinz, John [R-PA], Sen. DeConcini, Dennis [D-AZ], Sen. Pell, Claiborne [D-RI], Sen. Sasser, Jim [D-TN], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Murkowski, Frank H. [R-AK], Sen. Inouye, Daniel K. [D-HI], Sen. Gore, Albert, Jr. [D-TN], Sen. Sarbanes, Paul S. [D-MD]

Subjects

Energy, Taxation

Source updated

3 January 2025

Energy · Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to extend the residential energy income tax credit for solar energy property for five years (from 1985 to 1990). Phases out the percentage of expenditures which may be taken into account for such credit between the years 1985 and 1990. Limits to $6,000 the maximum amount of expenditures for solar hot water systems which may be taken into account for purposes of such credit. Specifies additional standards which solar hot water systems and active space heating systems must meet in order to qualify for such credit. Increases and extends for five years (from 1985 to 1990) the energy investment tax credit for specified types of solar energy property.

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

Timeline

  1. 23 May 1985

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 23 May 1985

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 30 May 1985

    Committee

    Committee on Finance requested executive comment from OMB, Treasury Department, Energy Department.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

No cross-record relationships stored yet.

Sources

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