Amends the Internal Revenue Code to allow an energy investment tax credit for equipment designed to use sail power on vessels. Specifies that qualified equipment shall include: (1) masts; (2) standing and running rigging; (3) sails; (4) deck hardware related to hoisting, trimming, or otherwise controlling sails; and (5) rotor systems.
Specifies that such credit shall apply to periods after December 31, 1984, and prior to January 1, 1990.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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