HR 1601 · 107th Congress 2001–2003, ended

Rural Electric Tax Equity Act

Latest action · Jun 27, 2001 Sponsor introductory remarks on measure. (CR H3691-3698)

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedApr 26, 2001
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

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.

Cosponsors 31

Members who signed on, in the order they did. Signatures ran from Apr 26, 2001 to Jan 23, 2002; 6 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-NDEarl PomeroyOriginalApr 26, 2001
R-AZJ. D. HayworthOriginalApr 26, 2001
R-MNJim RamstadOriginalApr 26, 2001
D-TNJohn S. TannerOriginalApr 26, 2001
R-PAPhil EnglishOriginalApr 26, 2001
D-CARobert T. MatsuiOriginalApr 26, 2001
D-TNBob ClementMay 1, 2001
D-FLKaren L. ThurmanMay 1, 2001
R-KYRon LewisMay 1, 2001
R-CAWally HergerMay 1, 2001
D-ARMike RossMay 3, 2001
R-COBob SchafferMay 8, 2001
D-MOIke SkeltonMay 8, 2001
R-TNVan HillearyMay 8, 2001
R-GABob BarrMay 10, 2001
R-OKWes WatkinsMay 10, 2001
R-TNWilliam L. JenkinsMay 10, 2001
R-WYBarbara CubinMay 17, 2001
D-COMark UdallMay 17, 2001
R-MORoy BluntMay 22, 2001
D-AZEd PastorMay 25, 2001
R-INDan BurtonJun 6, 2001
R-WIPaul D. RyanJun 6, 2001
R-ILJohn ShimkusJun 26, 2001
R-IAJim NussleJun 27, 2001
D-MNCollin C. PetersonJul 11, 2001
R-TNEd BryantSep 5, 2001
R-KYEd WhitfieldSep 5, 2001
R-IAJames A. LeachSep 5, 2001
R-PAJohn E. PetersonSep 5, 2001
R-MIMike RogersJan 23, 2002

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Apr 26, 2001

Actions 4

Everything that happened, newest first.

  1. Jun 27, 2001Sponsor introductory remarks on measure. (CR H3691-3698)
  2. Jun 25, 2001Sponsor introductory remarks on measure. (CR H3496-3502)
  3. Apr 26, 2001Introduced in House
  4. Apr 26, 2001Referred to the House Committee on Ways and Means.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Printed hearings 3

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
Serial No. 107-81THE ELECTRIC SUPPLY AND TRANSMISSION ACT OF 2001221 pagesEnergy and Commerce CommitteeDec 12, 2001–Dec 13, 2001
Serial No. 107-64ELECTRIC TRANSMISSION POLICY: REGIONAL TRANSMISSION ORGANIZATIONS, OPEN ACCESS, AND FEDERAL JURISDICTION176 pagesEnergy and Commerce CommitteeOct 10, 2001
Serial No. 107-25THIRD IN SERIES ON EFFECT OF FEDERAL TAX LAWS ON THE PRODUCTION, SUPPLY, AND CONSERVATION OF ENERGY129 pagesWays and Means CommitteeJun 13, 2001

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 794Rural Electric Tax Equity ActIdentical billApr 26, 2001

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Internal Revenue Code of 1986 to facilitate electric cooperative participation in a competitive electric power industry.
Short Titles as Introduced
Rural Electric Tax Equity Act

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Apr 26, 2001Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.