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 of 1979 - Amends the Internal Revenue Code to permit a taxpayer to elect a 12 month amortization period or an additional ten percent investment tax credit for pollution control facilities used in connection with a plant or other property in operation before January 1, 1971.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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