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United States · Bill · S

S. 2967 (106th)

Electric Power Industry Tax Modernization Act

referredUnited States· United States Congress· EN

Introduced

27 July 2000

Last action

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7865-7867)

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

Electric Power Industry Tax Modernization Act - Amends the Internal Revenue Code to permit a governmental unit to make an irrevocable election to terminate certain tax-exempt financing for electric output facilities. Sets forth provisions concerning independent transmission companies. Provides for the exclusion from gross income as contributions to capital of certain amounts received by electric utilities. Revises the special rules concerning the tax treatment of nuclear decommissioning costs.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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