A bill to amend the Internal Revenue Code of 1954 to provide for a 2-year amortization of property which is used in connection with a plan or other property in operation before January 1, 1978, and which is required with respect to such plant or other property pursuant to the Occupational Safety and Health Act of 1970.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow the amortization over a 24 month period of depreciable tangible property which is required to be used in a plant or other facility by the Occupational Safety and Health Act of 1970 and which does not have any economic usefulness to the taxpayer.…