HR 4345
98th Congress
House
Taxation
Energy
Energy tax credits
Income tax
Investment tax credit
Sailing ships
Shipbuilding
Ships and shipping
Tax credits
Wind power
A bill to amend the Internal Revenue Code of 1954 to allow the energy investment credit for equipment designed to use sail power on vessels to lower fuel costs.
Introduced: November 9, 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
Nov 9, 1983
Referred to House Committee on Ways and Means.
Nov 9, 1983
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow an energy investment tax credit for equipment designed to use sail power on vessels. Specifies that qualified equipment shall include: (1) masts; (2) standing and running rigging; (3) sails; (4) deck hardware related to hoisting, trimming, or otherwise controlling sails; and (5) rotor systems.
Specifies that such credit shall apply to periods after December 31, 1984, and prior to January 1, 1990.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1