HR 1272
99th Congress
House
Taxation
Energy
Energy conservation
Energy tax credits
Heating
Home repair and improvement
Housing and Housing Finance
Income tax
Investment tax credit
Residential energy conservation
Solar energy
Tax credits
A bill to amend the Internal Revenue Code of 1954 to extend the residential energy credit with respect to solar renewable energy source expenditures, with declining percentages of credit, through 1990, and for other purposes.
Introduced: February 26, 1985
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 26, 1985
Referred to House Committee on Ways and Means.
Feb 26, 1985
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to extend the residential energy income tax credit for solar energy property for five years (from 1985 to 1990). Phases out the percentage of expenditures which may be taken into account for such credit between the years 1986 and 1990.
Limits to $6,000 the maximum amount of expenditures for solar hot water systems which may be taken into account for purposes of such credit. Specifies additional standards which solar hot water systems and active space heating systems must meet in order to qualify for such credit.
Increases and extends for five years (from 1985 to 1990) the energy investment tax credit for specified types of solar energy property.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1