HR 1862
97th Congress
House
Taxation
Air pollution control
Business and commerce
Depreciation and amortization
Environmental Protection
Income tax
Investment tax credit
Pollution control
Tax credits
Tax deductions
Tax incentives
Water pollution control
Pollution Control Facilities Tax Incentives Act of 1981
Introduced: February 17, 1981
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 17, 1981
Referred to House Committee on Ways and Means.
Feb 17, 1981
Introduced in House
Plain-English summary
Pollution Control Facilities Tax Incentives Act of 1981 - Amends the Internal Revenue Code to permit a taxpayer to elect a 12-month amortization period or an additional ten percent investment tax credit for pollution control facilities used in connection with a plant or other property in operation before January 1, 1971.
Removes the requirement, for purposes of certification of pollution control facilities for the amortization deduction, that such facilities not increase output, extend the useful life, reduce total operating costs, or alter the production process of the plants in connection with which they are used.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1