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United States · Bill · HR

H.R. 118 (101st)

To amend section 118 of the Internal Revenue Code to provide for certain exceptions from certain rules for determining contributions in aid of construction.

referredUnited States· United States Congress· EN

Introduced

3 January 1989

Last action

3 January 1989 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Matsui, Robert T. [D-CA-5], Rep. Schulze, Richard T. [R-PA-5], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Andrews, Michael [D-TX-25], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Archer, Bill [R-TX-7], Rep. Chandler, Rod D. [R-WA-8], Rep. Courter, Jim [R-NJ-12], Rep. Dwyer, Bernard J. [D-NJ-6], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Henry, Paul B. [R-MI-5], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Marlenee, Ron [R-MT-2], Rep. Ravenel, Arthur, Jr. [R-SC-1], Rep. Rowland, John G. [R-CT-5], Rep. Skeen, Joe [R-NM-2], Rep. Hughes, William J. [D-NJ-2], Rep. Hefner, W. G. (Bill) [D-NC-8], Rep. Bennett, Charles E. [D-FL-3], Rep. Wolf, Frank R. [R-VA-10], Rep. Clinger, William F., Jr. [R-PA-5], Rep. Fascell, Dante B. [D-FL-19], Rep. Crane, Philip M. [R-IL-8], Rep. Roe, Robert A. [D-NJ-8], Sen. Dorgan, Byron L. [D-ND], Rep. Packard, Ron [R-CA-48], Rep. Torres, Esteban Edward [D-CA-34], Rep. Price, David E. [D-NC-4], Rep. Downey, Thomas J. [D-NY-2], Rep. Stump, Bob [R-AZ-3], Rep. Waxman, Henry A. [D-CA-33], Rep. Bentley, Helen Delich [R-MD-2], Rep. Vucanovich, Barbara F. [R-NV-2], Rep. Lehman, Richard H. [D-CA-19], Rep. Thomas, William M. [R-CA-21], Rep. Stangeland, Arlan [R-MN-7], Rep. Fazio, Vic [D-CA-3], Rep. Rhodes, John J., III [R-AZ-1], Rep. Lehman, William [D-FL-17], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Lent, Norman F. [R-NY-4], Rep. Pallone, Frank [D-NJ-6], Rep. Payne, Lewis F., Jr. [D-VA-5], Rep. Weldon, Curt [R-PA-7], Rep. Bereuter, Doug [R-NE-1], Sen. Bunning, Jim [R-KY], Rep. Valentine, Tim [D-NC-2]

Subjects

Energy, Taxation

Source updated

7 February 2024

Energy · Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code with respect to the corporate income tax exclusion of contributions to the capital of the taxpayer. Includes as a qualifying contribution any amount of money or property received by a regulated public utility (a utility required to provide electric energy, gas, water, or sewage disposal services) that: (1) is a contribution in aid of construction (as defined by regulations to be promulgated by the Secretary of the Treasury); (2) meets certain expenditure requirements; and (3) is not included in the taxpayer's rate base. Excludes amounts paid as customer connection fees.

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

Timeline

  1. 3 January 1989

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 3 January 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 January 1989

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 3 January 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

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Sources

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