HR 4042 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow an investment credit for buildings and structural components used as an integral part of manufacturing, production, retail or wholesale trade, extraction and certain other businesses, or which are certain research or storage facilities.

Introduced 1979-05-10· Sponsored by Rep. Holland, Kenneth L. [D-SC-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to extend the investment tax credit to buildings and structural components used as an integral part of manufacturing, production, retail or wholesale trade, extraction and certain other businesses, or which are certain research or storage facilities.…

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

Cosponsors (1)

1 Republican
Rep. Young, Don [R-AK-At Large]AK