HR 2521
98th Congress
House
Taxation
Energy
Energy conservation
Energy development
Energy policy
Energy tax credits
Government Operations and Politics
Housing and Housing Finance
Income tax
Industrial development bonds
Investment tax credit
Residential energy conservation
Securities and Investments
Tax credits
A bill to amend the Internal Revenue Code of 1954 to provide, for purposes of the residential energy credit and the investment tax credit, that a State or local program shall not be treated as having a principal purpose of providing subsidized energy financing unless subsidized energy financing represents 5 percent or more of the total outstanding loan balance of loans provided under the program.
Introduced: April 13, 1983
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 13, 1983
Referred to House Committee on Ways and Means.
Apr 13, 1983
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide, for purposes of the residential energy tax credit and the investment tax credit, that a State or local program shall not be treated as having a principal purpose of providing subsidized energy financing unless such financing represents five percent or more of the total outstanding loan balance of loans provided under the program.
Sets forth similar rules for proceeds of industrial development bonds.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1