Summary: H.R.8295 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for H.R.8295. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/02/1980)

Child Care Agency Tax Amendments of 1980 - Amends the Internal Revenue Code to exempt from the crude oil windfall profit tax oil produced from interests held by or for a residential child care agency. Defines such an agency as a tax-exempt charitable organization operated primarily for the residential placement, care, or treatment of delinquent, dependent, neglected, or handicapped children.