HR 7132 · 94th Congress · Energy
A bill to amend the Internal Revenue Code of 1954 to allow a taxpayer to amortize over a 60-month period, solar heating and cooling equipment which is placed in service for nonresidential structures, or in lieu of such amortization, to take an investment tax credit for such equipment.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1975-05-20)
Plain Language Summary
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Allows a taxpayer under the Internal Revenue Code of 1954 to amortize, over a 60-month period, solar heating and cooling equipment which is placed in service for nonresidential structures, or in lieu of such amortization, to take an investment tax credit for such equipment.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
18 Democrats2 Republicans