HR 978
107th Congress
House
Taxation
Bioaccumulation
Business income tax
Carcinogens
Chlorine
Cleaning industry
Commerce
Depreciation and amortization
Enterprise zones
Environmental Protection
Equipment and supplies
Health
Income tax
Investment tax credit
Minimum tax
Organic compounds
Solvents
Tax deductions
Urban affairs
Small Business Pollution Prevention Opportunity Act of 2001
Introduced: March 13, 2001
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 13, 2001
Referred to the House Committee on Ways and Means.
Mar 13, 2001
Sponsor introductory remarks on measure. (CR E344)
Mar 13, 2001
Introduced in House
Plain-English summary
Small Business Pollution Prevention and Opportunity Act of 2001 - Amends the Internal Revenue Code to establish a dry or wet cleaning equipment credit for any taxable year equivalent to 20 percent of the basis of each qualified dry or wet cleaning property placed in service during the year (40 percent of such basis in the case of such property placed in service in an empowerment zone, enterprise community, or renewal community) which is designed primarily to clean textiles if: (1) such equipment does not use any hazardous solvent as the primary process solvent; (2) the original use of such property commences with the taxpayer; and (3) with respect to which depreciation (or amortization in lieu of depreciation) is allowable.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1