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- H.R.5918
H.R.5918: To amend the Internal Revenue Code of 1986 to provide an investment tax credit for biomass heating property and repeal the passive activity limitation exception for working interests in oil and gas property.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced July 29, 2010
- Latest Major Action July 29, 2010
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit for investment in certain biomass heating property for periods ending before January 1, 2014; and (2) repeal the exemption from passive activity rules for working interests in oil or gas property.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| July 29, 2010 |
Introduced in the House by Paul W. Hodes (D-N.H.) |