United States · Bill · S
S. 2608 (94th)
A bill to amend the Internal Revenue Code of 1954 to allow a deduction within respect to the exhaustion geothermal steam and geothermal resources.
Introduced
4 November 1975
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Allows a tax deduction, under the Internal Revenue Code, of an amount equal to 25 percent of the gross income from a geothermal steam and geothermal resources property. States that such deduction may not exceed 50 percent of the taxpayer's taxable income from the property.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
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 · 4 November 1975
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/2608
- Open data entity: https://api.congress.gov/v3/bill/94/s/2608