Radon Relief Act of 1985

Summary

Radon Relief Act of 1985 - Amends the Internal Revenue Code to allow an income tax credit for radon-reduction expenditures incurred with respect to a principal residence of the taxpayer. Sets the amount of such credit at 40 percent of radon-reduction expenditures incurred during the taxable year as does not exceed $5,000. Defines "radon-reduction expenditure" as an expenditure made by the taxpayer for property installed in or on a dwelling unit if such property: (1) is designed to reduce the radon in the air inside the residence; (2) can reasonably be expected to remain in operation, or continue to have effect, for at least three years; and (3) meets certain appropriateness, performance, and quality standards.

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Timeline

1. 31 July 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 31 July 1985

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

3. 8 August 1985

   Committee

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

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 31 July 1985

  Open at official source

Sponsors

• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Specter, Arlen [R-PA] · R · Sponsor
• Sen. Burdick, Quentin N. [D-ND] · D · Cosponsor
• · ssfi00 · Standing

Related records

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