A bill to amend the Internal Revenue Code of 1954 to allow an income tax credit or an income tax deduction for certain expenditures of a taxpayer relating to the thermal design of the residence of such taxpayer.

Summary

Allows an income tax credit under the Internal Revenue Code for 25 percent of the expenses incurred (1) in improving the thermal design of a taxpayer's principal residence; or (2) in purchasing specified energy conserving devices incident to the purchase of the taxpayer's principal residence. Permits the taxpayer to elect to deduct the above expenses in an amount not to exceed $4000.

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

Timeline

1. 16 January 1975

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 16 January 1975

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 16 January 1975

  Open at official source

Sponsors

• Sen. Domenici, Pete V. [R-NM] · R · Sponsor
• Sen. Bartlett, Dewey F. [R-OK] · R · Cosponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Cosponsor
• Sen. McClure, James A. [R-ID] · R · Cosponsor
• Sen. Tower, John G. [R-TX] · R · Cosponsor
• Sen. Bellmon, Henry L. [R-OK] · R · Cosponsor
• Sen. Chiles, Lawton [D-FL] · D · Cosponsor
• Sen. Scott, Hugh [R-PA] · R · Cosponsor
• Sen. Fannin, Paul J. [R-AZ] · R · Cosponsor
• Sen. Humphrey, Hubert H. [D-MN] · D · Cosponsor
• Sen. Laxalt, Paul D. [R-NV] · R · Cosponsor
• Sen. Hatfield, Mark O. [R-OR] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to allow an income tax credit or an income tax deduction for certain expenditures of a taxpayer relating to the thermal design of the residence of such taxpayer.