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HR 2080
107th Congress •
2001-2003 (Ended)
To amend the Internal Revenue Code of 1986 to deny accelerated depreciation for electric generating facilities having excess profits in order to prevent taxpayers operating such facilities from having both excess profits and tax incentives.
Amends the Internal Revenue Code to deny accelerated depreciation and recapture previously permitted accelerated benefits for electric generating facilities with excess profits (pretax rate of return in excess of 15 percent for the taxable year).
Actions
Jun 6, 2001
Referred to the House Committee on Ways and Means.