A bill to amend the Internal Revenue Code of 1954 to permit the current expensing of amounts expended in connection with the construction or erection of pollution control facilities.

Summary

Amends the Internal Revenue Code to allow the current deductions, rather than the capitalization and rapid amortization, of amounts paid or incurred in connection with the acquisition, construction, or erection of any certified pollution control facility.

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

Timeline

1. 7 April 1977

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 7 April 1977

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 7 April 1977

  Open at official source

Sponsors

• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Cosponsor
• Sen. Thurmond, Strom [R-SC] · R · Cosponsor
• Sen. Helms, Jesse [R-NC] · R · Cosponsor
• Sen. Riegle, Donald W., Jr. [D-MI] · D · Cosponsor
• Sen. Hayakawa, Samuel Ichiye [R-CA] · R · Cosponsor
• · ssfi00 · Standing

Related records

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