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