A bill to amend the Internal Revenue Code of 1954 to provide that the interest on an obligation issued to provide property for use by an electric utility is not exempt from tax if such utility fails to adhere to certain take or pay agreements entered into in connection with the proposed construction of certain nuclear electric generating facilities.

Summary

Amends the Internal Revenue Code to provide that the interest on an obligation issued to provide property for use by an electric utility is not exempt from tax if such utility fails to adhere to certain take or pay agreements entered into in connection with the proposed construction of certain nuclear electric generating facilities.

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1 official file

• Introduced in House

  summary · EN · 29 January 1986

  Open at official source

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