To amend the Internal Revenue Code of 1986 to provide that certain amounts received by electric energy, gas, or steam utilities shall be excluded from gross income as contributions to capital.

Fact Sheet API

Bill Number

HR 2431

Introduced

Jun 28, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Business income tax Capital investments Commerce Electric utilities Energy Fees Finance and Financial Sector Gas companies Income tax Public utilities Tax exclusion Taxation Thermal power plants

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Votes

Summary

Amends the Internal Revenue Code to exclude from gross income as contributions to capital certain amounts received by electric energy, gas, steam, or water utilities. (Currently, the exclusion applies to water and sewage disposal utilities.)

Actions

Jun 28, 2001

Referred to the House Committee on Ways and Means.
Jun 28, 2001

Introduced in House

Amendments

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