HR 8257 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the tax incentives for cogeneration equipment.

Introduced 1980-10-01· Sponsored by Rep. Heftel, Cecil [D-HI-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-10-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the energy percentage of the investment tax credit for cogeneration equipment to 20 percent (currently ten percent ) for the period beginning on January 1, 1981 and ending on December 31, 1990. Includes shaft power as a form of cogeneration energy. Exempts specified systems at cogeneration facilities from the limitation on the use of oil or natural gas by cogeneration equipment.…

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

Cosponsors (1)

1 Democrat
Rep. Fisher, Joesph L. [D-VA-10]