Solar Energy Incentive Tax Act of 1979
Latest action. Referred to House Committee on Ways and Means.
Solar Energy Incentive Tax Act of 1979 - Amends the Internal Revenue Code to set the amount of the investment tax credit for solar energy property at 30 percent and to extend the expiration date for such credit and the credit for energy property other than solar energy property until December 31, 1985. Permits noncorporate lessors of solar energy property to qualify for the investment tax credit, if within the first 12 month period after the letting of such property the sum of business related income tax deductions with respect to such property exceeds 15 percent of the rental income produced by such property. Limits the amount of basis to which the investment tax credit is applicable to $10,000. Allows a residential energy credit for solar energy property if the original use of such property begins with the taxpayer as the lessee of such property. Allows a residential energy credit with respect to solar energy property to the extent such property performs a solar function. Allows the amortization of solar energy property based on a 36 month period.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on August 2, 1979. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on August 2, 1979: Referred to House Committee on Ways and Means.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 96th Congress (1979-80), 613 of the 12,581 bills and joint resolutions introduced became law, about 4.9 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
WYCHE FOWLER (D-GA) introduced it on August 2, 1979. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on August 2, 1979, 17253 days ago. The most recent recorded action was 17253 days ago, on August 2, 1979.
Measures do not carry over. Anything the 96th Congress has not finished by January 3, 1981 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers