A bill to amend the investment credit provisions of the Internal Revenue Code of 1954 to provide for refundability of currently earned investment credits after the close of the year in which earned and for refundability of any previously earned but unused investment credit after the close of the last year to which the unused credit may be carried.

Summary

Amends the Internal Revenue Code to provide for the refundability of currently earned investment tax credits after the close of the year in which earned and for the refundability of any previously earned but unused investment tax credits after the close of the last year to which the unused credit may be carried.

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

Timeline

1. 3 March 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 3 March 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 5 March 1981

   Committee

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

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 3 March 1981

  Open at official source

Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Williams, Harrison A., Jr. [D-NJ] · D · Sponsor
• Sen. Levin, Carl [D-MI] · D · Cosponsor
• · ssfi00 · Standing

Related records

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