Electric Utility Tax Reform Act

Summary

Electric Utility Tax Reform Act - Amends the Internal Revenue Code to exclude from the gross income of a regulated public utility any amount, including any gain from the sale or transfer of certain property, derived by such utility from a regulated electric trade or business. Imposes on any purchaser of electrical energy from a public utility a tax in an amount equal to 0.04 of a cent per kilowatt hour so purchased.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 5 August 1977

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 5 August 1977

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 5 August 1977

  Open at official source

Sponsors

• Sen. Metcalf, Lee [D-MT] · D · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.