A bill to encourage the production of alcohol for use as a fuel or petroleum substitute by allowing the rapid amortization of facilities producing alcohol for those uses.
Alcohol Production Incentive Act of 1979 - Amends the Internal Revenue Code to allow a taxpayer to elect an income tax deduction with respect to the amortization, based on a 60-month period, of any qualified facility producing alcohol from coal or biomass for primary use as a substitute for fuel.
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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