Energy Impact Mitigation Tax Incentive Act of 1981

Summary

Energy Impact Mitigation Tax Incentive Act of 1981 - Amends the Internal Revenue Code to allow an income tax deduction for any energy impact assistance made by the taxpayer during the taxable year. Defines "energy impact assistance" as an expenditure made for the purpose of providing either public facilities or services which are designed to meet the needs of area population growth resulting from energy development. Directs that expenditures must be certified as having been made to conform with the State's or appropriate political subdivision's plan to meet this need. Includes certain payments of tax, fees, rent, or other payments to the Federal Government, State, or political subdivision.

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Timeline

1. 7 October 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 7 October 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 14 October 1981

   Committee

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

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 7 October 1981

  Open at official source

Sponsors

• Sen. Hart, Gary W. [D-CO] · D · Sponsor
• Sen. Randolph, Jennings [D-WV] · D · Sponsor
• · ssfi00 · Standing

Related records

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