A bill to amend section 162 of the Internal Revenue Code of 1954 with respect to allowing a deduction for additions to reserves established for decommissioning costs and spent fuel costs associated with nuclear power plants.

Summary

Amends the Internal Revenue Code to provide a business expense income tax deduction for additions to a reserve established for the costs incurred by a regulated public utility in decommissioning (retiring) a nuclear powerplant. Allows a deduction for amounts added to such reserve for the removal, storage, treatment, or disposal of spent nuclear fuel or nuclear fuel wastes. Requires the ratemaking regulatory body to institute limitations for such deduction.

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Timeline

1. 7 May 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 7 May 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 May 1981

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 7 May 1981

  Open at official source

Sponsors

• Rep. Gibbons, Sam [D-FL-11] · D · Sponsor
• Rep. Goodling, William F. [R-PA-19] · R · Sponsor
• Rep. Bevill, Tom [D-AL-4] · D · Sponsor
• Rep. Ireland, Andrew P. [R-FL-10] · D · Sponsor
• Del. Fauntroy, Walter E. [D-DC-At Large] · D · Sponsor
• Rep. Patman, William N. [D-TX-14] · D · Sponsor
• Rep. Burgener, Clair W. [R-CA-43] · R · Sponsor
• Rep. Wilson, Charles [D-TX-2] · D · Cosponsor
• Rep. Bafalis, L. A. (Skip) [R-FL-10] · R · Cosponsor
• Rep. Shaw, E. Clay, Jr. [R-FL-22] · R · Cosponsor
• Rep. McCollum, Bill [R-FL-8] · R · Cosponsor
• · hswm00 · Standing

Related records

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