A bill to amend section 118 of the Internal Revenue Code of 1954 to clarify the treatment of contributions in aid of construction to regulated electric or gas public utilities.

Summary

Amends the Internal Revenue Code to allow public utilities to exclude from gross income, as contributions to capital, all amounts received in aid of construction of electric energy, steam, or gas facilities.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 March 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 22 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

4. 18 September 1978

   Reported

   Reported to House from the Committee on Ways and Means, H. Rept. 95-1577.

   Source: Committee

5. 18 September 1978

   Reported

   Reported to House from the Committee on Ways and Means, H. Rept. 95-1577.

   Source: Committee

6. 3 October 1978

   Passed

   Measure passed House.

   Source: Floor

7. 3 October 1978

   Passed

   Passed/agreed to in House: Measure passed House.

   Source: Floor

8. 3 October 1978

   Floor

   Measure called up under motion to suspend rules and pass in House.

   Source: Floor

9. 4 October 1978

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 22 March 1978

  Open at official source

Sponsors

• Rep. Lederer, Raymond F. [D-PA-3] · D · Sponsor
• Rep. Burke, James A. [D-MA-11] · D · Cosponsor
• Rep. Burleson, Omar [D-TX-17] · D · Cosponsor
• Rep. Crane, Philip M. [R-IL-12] · R · Cosponsor
• Rep. Duncan, John J. [R-TN-2] · R · Cosponsor
• Rep. Jenkins, Edgar L. [D-GA-9] · D · Cosponsor
• Rep. Ketchum, William M. [R-CA-18] · R · Cosponsor
• Rep. Pickle, J. J. [D-TX-10] · D · Cosponsor
• Rep. Waggonner, Joe D., Jr. [D-LA-4] · D · Cosponsor
• Rep. Rostenkowski, Dan [D-IL-8] · D · Cosponsor
• · ssfi00 · Standing
• · hswm00 · Standing

Related records

• related to ← A bill to clarify the treatment of contributions in aid of construction to regulated electric or gas public utilities.
• related to ← A bill to amend section 118 of the Internal Revenue Code of 1954 to clarify the treatment of contributions in aid of construction to regulated electric or gas public utilities.
• related to ← A bill to amend section 118 of the Internal Revenue Code of 1954 to clarify the treatment of contributions in aid of construction to regulated electric or gas public utilities.
• related to ← A bill to amend section 118 of the Internal Revenue Code of 1954 to clarify the treatment of contributions in aid of construction to regulated electric or gas utilities.