A bill to amend the Internal Revenue Code of 1954 to encourage the production of energy by allowing the amortization based on a 60-month period of facilities producing unleaded gasoline, heating oil, diesel fuel, solar or wind energy equipment, or synthetic fuels.
Energy Production Encouragement Tax Act of 1979 - Amends the Internal Revenue Code to allow an income tax deduction with respect to the amortization based on a 60 month period of facilities producing unleaded gasoline, heating oil, diesel fuel, solar or wind energy equipment, or synthetic fuels.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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