Coal Utilization Incentives Act of 1981
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 4, 1981)
Coal Utilization Incentives Act of 1981 - Title I: Amendments to the Internal Revenue Code of 1954 - Amends the Internal Revenue Code to permit the amortization of coal utilization property, based on a 36- month period. Defines "coal utilization property" as tangible, depreciable property which is: (1) a boiler or burner, the primary fuel for which will be coal; or (2) pollution control equipment required for such boiler or burner; or (3) coal cleaning equipment.
Allows an investment tax credit to public utilities for coal utilization property.
Qualifies coal utilization property for the full investment tax credit allowed for pollution control facilities with a useful life of not less than five years.
Excludes from gross income the interest income on industrial development bonds issued to provide financing of powerplant coal utilization capital expenditures.
Title II: Coal Conversions Under the Clean Air Act - Amends the Clean Air Act to exclude as a modification a stationary source which voluntarily converts to coal (thereby excluding the source from new source performance standards).
What just happenedMar 9, 1981
Referred to Subcommittee on Fossil and Synthetic Fuels.
Who’s behind it
- Mar 9, 1981CommitteeH11000
Referred to Subcommittee on Fossil and Synthetic Fuels.
Transportation, Tourism, and Hazardous Materials Subcommittee - Mar 9, 1981CommitteeH11000
Referred to Subcommittee on Health and the Environment.
Health and Environment Subcommittee - Mar 4, 1981IntroReferralH11100
Referred to House Committee on Ways and Means.
Ways and Means Committee - Mar 4, 1981IntroReferralH11100
Referred to House Committee on Energy and Commerce.
Energy and Commerce Committee - Mar 4, 1981IntroReferralIntro-H
Introduced in House
- Mar 4, 1981IntroReferral1000
Introduced in House