legislation: 95-s-2814

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API

This data as json

bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
95-s-2814 95 s 2814 A bill to amend the Internal Revenue Code of 1954 to stimulate long-term investment in depreciable equipment. Taxation 1978-03-23 1978-03-23 Referred to Senate Committee on Finance. Senate Sen. Danforth, John C. [R-MO] MO R D000030 5 Amends the Internal Revenue Code to increase the investment credit from 10 to 12 percent (and from 11 to 13 percent for the additional credit), to remove the January 1, 1981, termination date, and to make such credit permanent. Directs the Secretary of the Treasury to pay each State, political subdivision thereof, and each tax-exempt organization investing in certain depreciable property a sum equal to 25 percent of the amount of the investment credit such tax-exempt entity would be allowed if liable for tax. Allows for years between December 31, 1978, and January 1, 1984, an investment credit for certain depreciable property including buildings and their structural components if such property is placed in service in a high-unemployment area. 2024-08-01T20:10:23Z https://www.congress.gov/bill/95th-congress/senate-bill/2814

Links from other tables