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HR 1362 101th Congress House Taxation Corporation taxes Environmental Protection Federal employees Home repair and improvement Income tax Indoor air pollution Radiation safety Radioactive pollution Radon Real estate business Relocation of employees Tax credits Tax deductions

Radon Gas Tax Relief Act of 1989

Introduced: March 9, 1989 See on congress.gov
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 1989
Referred to the Subcommittee on Government Activities and Transportation.
Mar 9, 1989
Referred to the House Committee on Government Operations.
Mar 9, 1989
Referred to the House Committee on Ways and Means.
Mar 9, 1989
Introduced in House
 Plain-English summary Congressional Research Service

Radon Gas Tax Relief Act of 1989 - Amends the Internal Revenue Code to permit a 40 percent nonrefundable income tax credit of up to $4,000 for expenditures made for radon testing in or below the taxpayer's principal residence and for the installation of property designed to reduce radon levels inside the residence.

Permits an income tax deduction (both individual and corporate) for radon prevention expenditures in connection with real property development, building construction or enlargement, and certain relocation dwellings.

Makes the tax credit and the tax deduction mutually exclusive with respect to the same expenditures.

Amends Federal law to make funds available for the reimbursement of Federal employees for radon protection expenditures necessary to overcome a substantial obstacle to the salability of a principal residence being sold in conjunction with a transfer to a new location.

What's happening now March 14, 1989

Referred to the Subcommittee on Government Activities and Transportation.

 Committees of jurisdiction 3