A bill to amend section 167 of the Internal Revenue Code of 1954 to provide a special allowance for depreciation with respect to certain byproduct and waste energy conversion facilities.

[AI summary unavailable — showing source text] Provides, under the Internal Revenue Code, a depreciation deduction with respect to any certified byproduct or waste energy conversion facility. Provides that any capital improvements made after such property is placed in service shall be treated as separate property.…