Energy Conservation Incentive Act of 1981

Summary

Energy Conservation Incentive Act of 1981 - Amends the Internal Revenue Code to extend through 1985 the period to which the investment tax credit for energy property applies. Defines "automatic energy control system" for purposes of such credit. Extends availability of the residential energy credit through 1986. Increases from $2,000 to $3,000 the allowable energy conservation expenditures and from $10,000 to $15,000 the allowable renewable energy source expenditures which qualify for such credit. Qualifies as an energy conservation expenditure an expenditure for a professionally conducted energy audit.

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Timeline

1. 5 November 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 5 November 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

3. 11 November 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 · 5 November 1981

  Open at official source

Sponsors

• Sen. Leahy, Patrick J. [D-VT] · D · Sponsor
• · ssfi00 · Standing

Related records

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