A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
USA117th CongressS-1997| Senate
| Updated: 6/9/2021
Jeanne Shaheen
Democratic Senator
New Hampshire
Cosponsors (4)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill revises 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
Bill from Previous Congress
S 116-2942A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Business investment and capitalIncome tax exclusionPublic utilities and utility ratesSolid waste and recyclingWater use and supply
A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
USA117th CongressS-1997| Senate
| Updated: 6/9/2021
This bill revises 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
Bill from Previous Congress
S 116-2942A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Jeanne Shaheen
Democratic Senator
New Hampshire
Cosponsors (4)
Finance 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