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United States · Bill · HR

H.R. 7043 (110th)

To amend the Internal Revenue Code of 1986 to provide for expensing of installing underground electric lines within the Hurricane Gustav disaster area, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

24 September 2008

Last action

Status

Referred to the Subcommittee on Energy and Air Quality.

Sponsors

Subjects

Discovery layer

Source updated

15 January 2025

Summary

Amends the Internal Revenue Code to allow a taxpayer election to expense the cost of installing underground public utility property in the Hurricane Gustav disaster area. Terminates such expensing allowance after December 31, 2009. Directs the Comptroller General to study and report to Congress on the electric grid failures in Louisiana following Hurricane Gustav.

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Documents

3 official files

Introduced in House (text)

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