To amend the Internal Revenue Code of 1986 to allow a refund of the excise tax on ozone-depleting chemicals to producers that cease producing such a chemical before the date the production of the chemical is prohibited.
Save the Ozone Layer Tax Credit - Amends the Internal Revenue Code to allow a tax credit for excise taxes paid by producers of ozone-depleting chemicals if such production ceases before the beginning of the year in which it is prohibited. Provides for determining such credit and whether cessation of production has occurred.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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