A bill to amend the Internal Revenue Code of 1954 to provide individuals a refundable income tax credit for 50 percent of the amount of energy saved during the taxable year with respect to the principal residence of the taxpayer.
Energy Savings Tax Credit Act of 1980 - Amends the Internal Revenue Code to allow individual taxpayers a refundable income tax credit for 50 percent of the residential energy costs saved by such taxpayers during a taxable year in comparison with residential energy costs incurred during 1979. Terminates the authority for such tax credit for taxable years beginning after December 31, 1985.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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