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United States · Bill · S

S. 498 (97th)

A bill to amend the Internal Revenue Code of 1954 to provide a tax credit to homebuilders for the construction of residences incorporating certain solar energy utilization characteristics.

openUnited States· United States Congress· EN

Introduced

19 February 1981

Last action

8 June 1981 · Committee

Status

Subcommittee on Energy and Agricultural Taxation. Hearings held.

Sponsors

Sen. Hart, Gary W. [D-CO], Sen. Percy, Charles H. [R-IL], Sen. Tsongas, Paul E. [D-MA], Sen. Cranston, Alan [D-CA], Sen. Hatfield, Mark O. [R-OR], Sen. Bradley, Bill [D-NJ], Sen. Baucus, Max [D-MT], Sen. Leahy, Patrick J. [D-VT], Sen. Sarbanes, Paul S. [D-MD], Sen. Randolph, Jennings [D-WV], Sen. Williams, Harrison A., Jr. [D-NJ], Sen. Heflin, Howell [D-AL], Sen. Levin, Carl [D-MI], Sen. Metzenbaum, Howard M. [D-OH], Sen. DeConcini, Dennis [D-AZ], Sen. Exon, J. James [D-NE], Sen. Domenici, Pete V. [R-NM], Sen. D'Amato, Alfonse [R-NY], Sen. Specter, Arlen [R-PA], Sen. Cannon, Howard W. [D-NV], Sen. Packwood, Bob [R-OR], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Kennedy, Edward M. [D-MA], Sen. Melcher, John [D-MT], Sen. Pell, Claiborne [D-RI], Sen. Dodd, Christopher J. [D-CT], Sen. Rudman, Warren [R-NH], Sen. Gorton, Slade [R-WA], Sen. Weicker, Lowell P., Jr. [R-CT]

Subjects

Energy, Taxation

Source updated

3 January 2025

Energy · Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to provide homebuilders with an income tax credit for the construction of residences which incorporate a passive solar energy system. Directs the Secretary of the Treasury, after consultation with the Secretaries of Energy and Housing and Urban Development, to prescribe regulations setting forth a solar construction credit table for purposes of determining the amount of the credit for which the incorporator of the solar energy system is eligible. Limits the dollar amount of such credit to $2,000. Defines "passive solar energy system" as a system which contains a solar collection area, an absorber, a storage mass, a heat distribution method, and heat regulation devices. Requires such system to be installed in a new residence after September 30, 1981 and before January 1, 1987.

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

Timeline

  1. 19 February 1981

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 19 February 1981

    Committee

    Subcommittee on Energy and Agricultural Taxation took the following actions.

    Source: Committee

  3. 19 February 1981

    Introduced

    Read second time and referred to Senate Committee on Finance.

    Source: IntroReferral

  4. 23 February 1981

    Committee

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

    Source: Committee

  5. 8 June 1981

    Committee

    Subcommittee on Energy and Agricultural Taxation. Hearings held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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