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United States · Bill · HR

H.R. 118 (102nd)

To amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from certain rules for determining contributions in aid of construction.

referredUnited States· United States Congress· EN

Introduced

3 January 1991

Last action

3 January 1991 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Matsui, Robert T. [D-CA-3], Rep. Schulze, Richard T. [R-PA-5], Rep. Kyl, Jon [R-AZ-4], Rep. Vander Jagt, Guy [R-MI-9], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Fazio, Vic [D-CA-4], Rep. Dornan, Robert K. [R-CA-38], Rep. Rahall, Nick J., II [D-WV-4], Rep. Stump, Bob [R-AZ-3], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Dannemeyer, William E. [R-CA-39], Rep. Lightfoot, Jim [R-IA-5], Rep. Johnson, Nancy L. [R-CT-6], Rep. Martinez, Matthew G. [D-CA-30], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Smith, Lawrence [D-FL-16], Rep. Cox, John W., Jr. [D-IL-16], Rep. Machtley, Ronald K. [R-RI-1], Rep. Hammerschmidt, John P. [R-AR-3], Rep. Lehman, William [D-FL-13], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Andrews, Robert E. [D-NJ-1], Rep. Vucanovich, Barbara F. [R-NV-2], Rep. Clinger, William F., Jr. [R-PA-23], Rep. Thomas, William M. [R-CA-20], Rep. Crane, Philip M. [R-IL-12], Rep. Carper, Thomas R. [D-DE-At Large], Rep. Jacobs, Andrew, Jr. [D-IN-11], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Archer, Bill [R-TX-7], Rep. Murphy, Austin J. [D-PA-22], Rep. Chandler, Rod D. [R-WA-8], Rep. Ireland, Andrew P. [R-FL-10], Rep. Gallo, Dean A. [R-NJ-11], DANA ROHRABACHER, Rep. Mineta, Norman Y. [D-CA-13], Rep. Guarini, Frank J. [D-NJ-14], Rep. Lent, Norman F. [R-NY-4], Rep. Gilman, Benjamin A. [R-NY-26], Rep. Riggs, Frank [R-CA-1], Rep. Gallegly, Elton [R-CA-21], Rep. Moorhead, Carlos J. [R-CA-22], Rep. Campbell, Tom [R-CA-12], Rep. Herger, Wally [R-CA-2], Rep. Dreier, David [R-CA-33], Rep. Alexander, Bill [D-AR-1], Rep. Ewing, Thomas W. [R-IL-15], Rep. Horn, Joan Kelly [D-MO-2]

Subjects

Energy, Taxation

Source updated

7 February 2024

Energy · Taxation

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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 1991

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 3 January 1991

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 January 1991

    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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Sponsors

Showing 48 of 62 sponsors and actors.

Related records

Sources

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