Page:United States Statutes at Large Volume 94 Part 1.djvu/279

 PUBLIC LAW 96-223—APR. 2, 1980

94 STAT. 229

Public Law 96-223 96th Congress An Act To impose a windfall profit tax on domestic crude oil, and for other purposes.

HI:—? [H.R. 3919]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, 9,^^?. 9,^1, ^ ' ^ Windfall Profit SECTION 1. SHORT TITLE; AMENDMENT OF 1954 CODE; TABLE OF CON- Tax Act of 1980. TENTS.

(a) SHORT TITLE.—This Act may be cited as the "Crude Oil Windfall 26 USC i note. Profit Tax Act of 1980". (b) AMENDMENT OF 1954 CODE.—Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1954. 26 USC i et seq. (c) TABLE OF CONTENTS.— Sec. 1. Short title; amendment of 1954 Code; table of contents. TITLE I—WINDFALL PROFIT TAX ON DOMESTIC CRUDE OIL Sec. 101. Windfall profit tax. Sec. 102. Allocation of net revenues from windfall profit tax to certain uses. Sec. 103. Study of effects of decontrol of oil prices and of windfall profit tax. TITLE II—ENERGY CONSERVATION AND PRODUCTION INCENTIVES PART I—RESIDENTIAL ENERGY CREDIT

Sec. 201. General provisions relating to credit. Sec. 202. Renewable energy source expenditures. Sec. 203. Provisions to prevent double benefits. PART II—BUSINESS ENERGY INVESTMENT CREDITS

Sec. 221. Changes in amount and period of application of energy percentage. Sec. 222. Changes in energy property item descriptions. Sec. 223. Other changes with respect to the investment credit for investment in energy property. PART III—PRODUCTION OF FUEL FROM NONCONVENTIONAL SOURCES; ALCOHOL FUELS

Sec. 231. Production tax credit. Sec. 232. Alcohol fuels. PART IV—ENERGY-RELATED USES OF TAX EXEMPT BONDS

Sec. Sec. Sec. Sec.

241. 242. 243. 244.

Solid waste disposal facilities. Qualified hydroelectric generating facilities. Renewable energy property. Certain obligations must be in registered form and not guaranteed or subsidized under an energy program.PART V—TERTIARY INJECTANTS

Sec. 251. Tertiary injectants.

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