H.R.4538 - Energy Efficient Technology Tax Act105th Congress (1997-1998)
|Sponsor:||Rep. Matsui, Robert T. [D-CA-5] (Introduced 09/10/1998)|
|Committees:||House - Ways and Means|
|Latest Action:||09/10/1998 Referred to the House Committee on Ways and Means.|
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Summary: H.R.4538 — 105th Congress (1997-1998)All Bill Information (Except Text)
Introduced in House (09/10/1998)
Energy Efficient Technology Tax Act - Establishes: (1) an energy credit based on the energy efficiency of energy properties and passenger vehicles; (2) a reforestation credit; and (3) a credit for certain nonbusiness energy property. Defines terms.
Increases the exclusion allowed from gross income as a "qualified transportation fringe" benefit.
Extends, by five years, the placed in service date of a qualified energy resources facility.