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 a 20 percent investment tax credit for new pollution control facilities.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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