HR 1770 · 110th Congress · Taxation

Corrosion Prevention Act of 2007

Introduced 2007-03-29· Sponsored by Rep. Conaway, K. Michael [R-TX-11]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2007-03-29)

Plain Language Summary

[AI summary unavailable — showing source text] Corrosion Prevention Act of 2007 - Amends the Internal Revenue Code to allow a business-related tax credit for 50% of net expenditures for engineering design, materials, and application and installation of corrosion prevention and mitigation technology for depreciable property comprised primarily of metals susceptible to corrosion. Terminates such credit after 2017.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (8)

2 Democrats6 Republicans