To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.

United States116th CongressHR-7283House of Representatives
Updated: Jun 18, 2020

Summary

This bill amends the Internal Revenue Code to revise requirements for the tax exclusion for contributions to the capital of a corporation. Specifically, the bill allows an exclusion for certain amounts received by a regulated public utility that provides water or sewerage disposal services.

Bill texts

Available versions
Introduced (House)View official text

1 version available

All available records shown.

Timeline

Latest companion bill action

S-2942: A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.

Read twice and referred to the Committee on Finance.

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

All available records shown.