HR 4376 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that the provisions denying the investment tax credit and rapid methods of depreciation for certain oil boilers will not apply to certain efficient replacement oil boilers.

Introduced 1979-06-07· Sponsored by Rep. Ratchford, William R. [D-CT-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-06-07)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to qualify a replacement oil boiler whose energy savings cost can reasonably be expected to exceed its cost over a ten year period for the investment tax credit.…

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

Cosponsors (18)

11 Democrats6 Republicans1 Independent
Rep. Beard, Edward [D-RI-2]
Rep. Cotter, William R. [D-CT-1]
Rep. Dodd, Christopher J. [D-CT-2]
Rep. McKinney, Stewart B. [R-CT-4]
Rep. Emery, David F. [R-ME-1]
Rep. Boland, Edward P. [D-MA-2]
Rep. Conte, Silvio O. [R-MA-1]
Rep. Snowe, Olympia J. [R-ME-2]
Rep. Donnelly, Brian J. [D-MA-11]
Rep. Heckler, Margaret M. [R-MA-10]
Rep. Markey, Edward J. [D-MA-7]MA
Rep. Mavroules, Nicholas [D-MA-6]
Rep. Moakley, John Joseph [D-MA-9]
Rep. Studds, Gerry E. [D-MA-12]
Rep. Cleveland, James C. [R-NH-2]
Rep. D'Amours, Norman E. [D-NH-1]
Rep. St Germain, Fernand J. [D-RI-1]
Rep. Jeffords, James M. [R-VT-At Large]