A bill to amend section 118 of the Internal Revenue Code of 1954 to clarify the treatment of contributions in aid of construction to regulated electric or gas public utilities.

referredUnited States· United States Congress· EN

Introduced

29 September 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow public utilities to exclude from gross income, as contributions to capital, all amounts received in aid of construction of electric energy or gas facilities.

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Documents

1 official file

Introduced in House
summary · EN · 29 September 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/9380
Open data entity: https://api.congress.gov/v3/bill/95/hr/9380