A bill to amend the Internal Revenue Code of 1954 to provide tax incentives for investment in small corporations doing research in the area of energy development and conservation.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an individual to deduct from gross income the cost, not in excess of $50,000, of acquiring stock in a qualified energy invention corporation which had gross income preceding the year of stock issuance of not more than $100,000, and which owns a patent relating to the invention of an energy saving device or process.…