To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
USA116th CongressHR-7283| House
| Updated: 6/18/2020
Greg Walden
Republican Representative
Oregon
Cosponsors (1)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Business investment and capitalIncome tax exclusionPublic utilities and utility ratesSolid waste and recyclingWater use and supply
To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
USA116th CongressHR-7283| House
| Updated: 6/18/2020
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Greg Walden
Republican Representative
Oregon
Cosponsors (1)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business investment and capitalIncome tax exclusionPublic utilities and utility ratesSolid waste and recyclingWater use and supply