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- H.R.1304
H.R.1304: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for recycling or remanufacturing equipment.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced March 29, 2001
- Latest Major Action March 29, 2001
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
37 (21 Democrats, 17 Republicans)
Bill Summary
Amends the Internal Revenue Code to allow businesses a limited reclamation credit of 20 percent of the basis of each qualified reclamation property placed in service during the taxable year. Defines qualified reclamation property as, among other things, qualified recycling property or qualified remanufacturing property.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
|
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March 29, 2001 |
Introduced in the House by Phil English (R-Pa.) |