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- H.R.1723
H.R.1723: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for recycling or remanufacturing equipment, and for other purposes.
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about congress
- Introduced April 20, 2005
- Latest Major Action April 20, 2005
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Internal Revenue Code to allow a tax credit for investment in qualified reclamation property. Defines "qualified reclamation property" as tangible depreciable recycling or remanufacturing property with a useful life of at least five years. Limits the amount of such credit to 20 percent of the basis (not exceeding $10 million) of qualified reclamation property placed in service during a taxable year. Directs the Secretary of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
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|
| April 20, 2005 |
Introduced in the House by Jeb E. Bradley (R-N.H.) |