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United States · Bill · HR

H.R. 3250 (100th)

A bill 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

10 September 1987

Last action

10 September 1987 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Matsui, Robert T. [D-CA-3], Rep. Duncan, John J. [R-TN-2], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Fazio, Vic [D-CA-4], Rep. Andrews, Michael [D-TX-25], Rep. Boxer, Barbara [D-CA-6], Rep. DeWine, Mike [R-OH-7], Rep. Quillen, James H. (Jimmy) [R-TN-1], Rep. Kennelly, Barbara B. [D-CT-1], DAVID PRICE, Rep. Lehman, William [D-FL-13], Rep. Jacobs, Andrew, Jr. [D-IN-11], Rep. Dreier, David [R-CA-33], Rep. Chappell, Bill, Jr. [D-FL-4], Ron Wyden, Rep. Shaw, E. Clay, Jr. [R-FL-15], Rep. Hamilton, Lee H. [D-IN-9], Rep. Vander Jagt, Guy [R-MI-9], Rep. Torres, Esteban Edward [D-CA-34], Rep. Lehman, Richard H. [D-CA-18], Rep. Thomas, William M. [R-CA-20], Rep. Skeen, Joe [R-NM-2], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Brown, Hank [R-CO-4], Rep. Dorgan, Byron L. [D-ND-At Large], Rep. Tallon, Robert M. (Robin) [D-SC-6], Rep. Panetta, Leon [D-CA-16], Rep. Archer, Bill [R-TX-7], Rep. Vucanovich, Barbara F. [R-NV-2], Rep. Chandler, Rod D. [R-WA-8], Rep. Schneider, Claudine [R-RI-2], Rep. Dornan, Robert K. [R-CA-38], Rep. Daub, Hal [R-NE-2], Rep. Moorhead, Carlos J. [R-CA-22], Rep. Lewis, Jerry [R-CA-35], Rep. Bilbray, James H. [D-NV-1], Rep. Morrison, Bruce A. [D-CT-3], Rep. Gallegly, Elton [R-CA-21], Rep. Synar, Mike [D-OK-2], Rep. Craig, Larry E. [R-ID-1], Rep. Stump, Bob [R-AZ-3], Rep. Badham, Robert E. [R-CA-40], Rep. Russo, Martin A. [D-IL-3], Rep. Berman, Howard L. [D-CA-26], Rep. Murphy, Austin J. [D-PA-22], Rep. Coughlin, Lawrence [R-PA-13], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Natcher, William H. [D-KY-2]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView 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. 10 September 1987

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 10 September 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 September 1987

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Sponsors

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Related records

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Sources

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