Rural Electric Tax Equity Act - Amends the Internal Revenue Code to permit an exempt mutual or electric cooperative to exclude from income certain prepayments of any loan, debt, or obligation made, insured, or guaranteed under the Rural Electrification Act of 1936. Adds rules concerning the treatment of certain amounts received by taxable electric cooperatives.
Actions
Jun 27, 2001
Sponsor introductory remarks on measure. (CR H3691-3698)
Jun 25, 2001
Sponsor introductory remarks on measure. (CR H3496-3502)
Apr 26, 2001
Referred to the House Committee on Ways and Means.