A bill to amend the Internal Revenue Code of 1954 to provide a credit against tax, or in the alternative a deduction, for energy conserving residential expenditures.

referredUnited States· United States Congress· EN

Introduced

15 January 1975

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Provides a tax credit under the Internal Revenue Code for 25 percent up to $250 ($125 in the case of a married individual filing separately) of the energy conserving residential expenditures incurred by a taxpayer during the taxable year. Authorizes the taxpayer to elect to deduct up to $1000 of such expenses in lieu of the credit provided by this Act.

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Documents

1 official file

Introduced in Senate
summary · EN · 15 January 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/senate-bill/28
Open data entity: https://api.congress.gov/v3/bill/94/s/28