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United States · Bill · S

S. 1323 (97th)

Commercial and Multifamily Energy Tax Credit Act

openUnited States· United States Congress· EN

Introduced

3 June 1981

Last action

15 June 1981 · Committee

Status

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

Sponsors

Sen. Tsongas, Paul E. [D-MA], Sen. Kennedy, Edward M. [D-MA], Sen. Baucus, Max [D-MT], Sen. Mitchell, George J. [D-ME], Sen. Dodd, Christopher J. [D-CT], Sen. Levin, Carl [D-MI], Sen. Pell, Claiborne [D-RI]

Subjects

Energy, Taxation

Source updated

29 August 2025

Energy · Taxation

Official sourceView documentsShare

Summary

Commercial and Multifamily Energy Tax Credit Act - Amends the Internal Revenue Code to revise the definition of specially defined energy property, for purposes of the investment tax credit, to: (1) extend treatment as a reduction of energy consumption in a commercial process to any reduction by a commercial facility (including hotels, office buildings, or educational, health care, or retail or wholesale trade facilities) in which the property specified is installed; and (2) include specified additional equipment and devices. Extends the residential energy credit to lessors of dwelling units. Reduces the amount of the credit which is allowed to lessors who take the depreciation deduction. Increases, for purposes of such credit, the allowable energy conservation and renewable energy source expenditures. Extends through 1985 the period for which the general energy percentage, for purposes of the investment tax credit, is applicable.

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

Timeline

  1. 3 June 1981

    Introduced

    Read second time and referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 3 June 1981

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 15 June 1981

    Committee

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

    Source: Committee

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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