To amend the Internal Revenue Code of 1986 to extend the special rule for recognition of gain on dispositions to implement Federal Energy Regulatory Commission or State electric restructuring policy.

Fact Sheet API

Bill Number

HR 2463

Introduced

May 23, 2007

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Accounting Capital gains tax Electric power transmission Electric utilities Energy Finance and Financial Sector Income tax Partnerships Stocks Tax administration Taxation

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to extend through 2009 the special rule for recognition of gain from the sale or disposition of: (1) property used to provide electric transmission services; or (2) any stock or partnership interest in a corporation or partnership whose principal trade or business consists of providing electric transmission services.

Actions

May 23, 2007

Referred to the House Committee on Ways and Means.
May 23, 2007

Introduced in House

Amendments

Related Bills