Commercial Business Energy Tax Credit Act of 1981

Summary

Commercial Business Energy Tax Credit Act of 1981 - Amends the Internal Revenue Code to include in the definition of "specially defined energy property," for purposes of the investment tax credit, specified additional equipment and devices installed in connection with any existing industrial, retail, or commercial facility for the purpose of reducing energy consumption. Revises the definition of "energy property" to include insulation property. Increases the energy percentage, for purposes of such credit, in the case of property which is qualified for the credit under this Act.

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Timeline

1. 21 May 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 21 May 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 15 June 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

4. 19 October 1981

   Committee

   Subcommittee on Energy and Agricultural Taxation. Hearings held.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 21 May 1981

  Open at official source

Sponsors

• Sen. Durenberger, Dave [R-MN] · R · Sponsor
• Sen. Weicker, Lowell P., Jr. [R-CT] · R · Sponsor
• Sen. Specter, Arlen [R-PA] · R · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. Boschwitz, Rudy [R-MN] · R · Cosponsor
• Sen. Heflin, Howell [D-AL] · D · Cosponsor
• Sen. Cochran, Thad [R-MS] · R · Cosponsor
• Sen. Goldwater, Barry [R-AZ] · R · Cosponsor
• · ssfi00 · Standing

Related records

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