[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2816 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2816

 To amend the Internal Revenue Code of 1986 to allow a credit against 
 income tax for the purchase and installation of equipment to test for 
           radon and to remove radon from the air and water.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 2, 2001

 Mr. Simmons introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to allow a credit against 
 income tax for the purchase and installation of equipment to test for 
           radon and to remove radon from the air and water.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Raid on Radon Tax Credit Act of 
2001''.

SEC. 2. CONGRESSIONAL FINDINGS.

    The Congress finds that--
            (1) the Federal Government has an historic commitment to 
        assisting areas of the Nation in need of help protecting the 
        public health,
            (2) radon, an odorless, tasteless gas, has caused over 
        14,000 deaths per year and exposure to radon is the second 
        leading cause of lung cancer in the United States,
            (3) because of the serious public health threat radon 
        produces, it is imperative that individuals and localities test 
        for radon in their homes and drinking water and if discovered, 
        radon should be remediated, and
            (4) because radon affects all parts of the Nation and 
        remediation typically costs between $500 and $2,500, it is in 
        the national interest for the Federal Government to promote 
        such testing and remediation measures.

SEC. 3. CREDIT FOR PURCHASE AND INSTALLATION OF EQUIPMENT TO TEST FOR 
              RADON AND TO REMOVE RADON FROM THE AIR AND WATER.

    (a) In General.--Subpart C of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to refundable credits) 
is amended by redesignating section 35 as section 36 and by inserting 
after section 34 the following new section:

``SEC. 35. PURCHASE AND INSTALLATION OF EQUIPMENT TO TEST FOR RADON AND 
              TO REMOVE RADON FROM THE AIR AND WATER.

    ``(a) In General.--In the case of an individual, there shall be 
allowed as a credit against the tax imposed by this subtitle for the 
taxable year an amount equal to 30 percent of the qualified radon 
testing and removal expenses paid or incurred by the taxpayer during 
such year.
    ``(b) Maximum Credit.--The credit allowed to the taxpayer by 
subsection (a) with respect to any residence shall not exceed $1500, 
reduced by amounts allowed to the taxpayer by subsection (a) with 
respect to such residence for all prior taxable years.
    ``(c) Qualified Radon Testing and Removal Expenses.--For purposes 
of this section, the term `qualified radon testing and removal 
expenses' means expenses for the purchase and installation of any of 
the following for use in any residence of the taxpayer:
            ``(1) A radon test.
            ``(2) A radon removal system reviewed and approved by the 
        National Radon Safety Board.''
    (b) Conforming Amendments.--
            (1) Paragraph (2) of section 1324(b) of title 31, United 
        States Code, is amended by inserting before the period ``, or 
        from section 35 of such Code''.
            (2) Subparagraph (A) of section 6411(b)(4) of such Code is 
        amended by striking ``and 34'' and inserting ``, 34, and 35''.
            (3) The table of sections for subpart C of part IV of 
        subchapter A of chapter 1 of such Code is amended by striking 
        the last item and inserting the following new items:

                              ``Sec. 35. Purchase and installation of 
                                        equipment to test for radon and 
                                        to remove radon from the air 
                                        and water.
                              ``Sec. 36. Overpayments of tax.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of the enactment of 
this Act, in taxable years ending after such date.
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