To amend the Internal Revenue Code of 1986 to provide that any water and sewerage disposal property conveyed under the Department of Defense privatization program shall be treated as a nontaxable contribution to the capital of the recipient.
Last action on Jun 12, 2001Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to treat any water and sewage disposal property conveyed under the Department of Defense privatization program as a nontaxable contribution to the taxpayer's capital.
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