Summary: H.R.761 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.761. Bill summaries are authored by CRS.

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Introduced in House (01/15/1975)

Allows specified percentage tax deductions under the Internal Revenue Code, for the cost of acquiring recycled solid waste materials during the taxable year.

Provides, in lieu of any allowable depreciation deduction, for the amortization of the cost basis of solid waste recycling facilities over a period of 60 months.