Amends the Internal Revenue Code to extend for two years the time period for which the energy investment tax credit is allowable with respect to certain long-term projects.
Repeals the termination date for the treatment of certain shale oil property as energy property. (Present law terminated such treatment as of December 31, 1982.)
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB, Treasury Department.
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