Energy Impact Mitigation Tax Incentive Act of 1981

Energy Impact Mitigation Tax Incentive Act of 1981 - Amends the Internal Revenue Code to allow an income tax deduction for any energy impact assistance made by the taxpayer during the taxable year.

Defines "energy impact assistance" as an expenditure made for the purpose of providing either public facilities or services which are designed to meet the needs of area population growth resulting from energy development. Directs that expenditures must be certified as having been made to conform with the State's or appropriate political subdivision's plan to meet this need. Includes certain payments of tax, fees, rent, or other payments to the Federal Government, State, or political subdivision.