United States · Bill · HR
H.R. 2080 (107th)
To amend the Internal Revenue Code of 1986 to deny accelerated depreciation for electric generating facilities having excess profits in order to prevent taxpayers operating such facilities from having both excess profits and tax incentives.
Introduced
6 June 2001
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
2 January 2025
Summary
Amends the Internal Revenue Code to deny accelerated depreciation and recapture previously permitted accelerated benefits for electric generating facilities with excess profits (pretax rate of return in excess of 15 percent for the taxable year).
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 6 June 2001
Introduced in House (PDF)
Introduced in House · EN · 6 June 2001
Introduced in House
summary · EN · 6 June 2001
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/house-bill/2080
- Open data entity: https://api.congress.gov/v3/bill/107/hr/2080