A bill to amend the Internal Revenue Code of 1954 to provide tax incentives for investment in small cooperations doing research in the area of energy development and conservation.

Amends the Internal Revenue Code to allow an individual to deduct from gross income the cost, not in excess of $50,000 of acquiring stock in a qualified energy invention corporation, which had income preceding the year of stock issuance not more than $100,000, and which owns a patent relating to the invention of an energy saving device or process.