HR 3628
97th Congress
House
Taxation
Energy
Energy policy
Energy tax credits
Housing and Housing Finance
Housing for the aged
Income tax
Public utilities
Social Welfare
Tax credits
A bill to amend the Internal Revenue Code of 1954 to provide a refundable income tax credit for certain elderly taxpayers for increased costs of residential energy.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 19, 1981
Referred to House Committee on Ways and Means.
May 19, 1981
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow individuals who have attained age 62 a refundable income tax credit for increases in the cost of residential energy over the previous year. Reduces the amount of such credit by 50 percent of the amount by which the taxpayer's adjusted gross income exceeds $25,000.
Defines "residential energy" as any fuel (including electricity) used by the taxpayer for residential purposes.
Terminates such credit after 1985.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1