HOUSTON – Congressman Kevin Brady (R-TX) has introduced legislation aimed at helping America combat the hidden destruction of critical energy-industry infrastructure.
The Corrosion Prevention Act of 2009 (HR 3462) amends the Internal Revenue Code to allow a two-year, 50-percent business-related tax credit for engineering design, materials, and application and installation of corrosion prevention and mitigation technology for energy-related property. The business-tax credit applies to businesses in all aspects of the energy industry that apply corrosion prevention and mitigation technologies that exceed the expenditures incurred to satisfy current federal, state or local requirements.
Texas Congressman Sponsors Corrosion Prevention Act
November 1, 2009