A bill to amend the Internal Revenue Code of 1954 to provide that a taxpayer may, with respect to any pollution control facility used in connection with a plant or other property in operation before January 1, 1971, elect a 12-month amortization of such facility or a 20-percent investment tax credit.
Pollution Control Facilities Tax Incentives Act - Amends the Internal Revenue Code to allow taxpayers to elect a 12-month amortization period or an additional ten percent investment tax credit for new pollution control facilities.
Referred to House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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