HR 5918 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide an investment tax credit for biomass heating property and repeal the passive activity limitation exception for working interests in oil and gas property.

Introduced 2010-07-29· Sponsored by Rep. Hodes, Paul W. [D-NH-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2010-07-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit for investment in certain biomass heating property for periods ending before January 1, 2014; and (2) repeal the exemption from passive activity rules for working interests in oil or gas property.…

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