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 utilities.

referredUnited States· United States Congress· EN

Introduced

7 June 1978

Last action

—

Status

Referred to Senate Committee on Finance.

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, steam, or gas facilities.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 7 June 1978
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/3176
Open data entity: https://api.congress.gov/v3/bill/95/s/3176