A bill to amend the Internal Revenue Code of 1954 to extend and liberalize the amortization provisions for pollution control facilities.
Pollution Control Act - Allows a 36-month amortization deduction, under the Internal Revenue Code, of certified pollution control expenditures, previously amortizations based on a period of 60 months.
Defines "certified pollution control expenditure". Excludes from such amortization those profit-making pollution abatement facilities, to the extent of their profits. (Amends 26 U.S.C. 169).
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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