US HB7283 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 18 2020 - 25% progression, died in committee
Action: 2020-06-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 18 2020 - 25% progression, died in committee
Action: 2020-06-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
Sponsors
| Rep. Greg Walden [R-OR] | Rep. Ann Kuster [D-NH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-18 | House | Referred to the House Committee on Ways and Means. |
| 2020-06-18 | House | Introduced in House |
Same As/Similar To
SB2942 (Same As) 2019-11-21 - Read twice and referred to the Committee on Finance.
Subjects
Business investment and capital
Income tax exclusion
Public utilities and utility rates
Solid waste and recycling
Taxation
Water use and supply
Income tax exclusion
Public utilities and utility rates
Solid waste and recycling
Taxation
Water use and supply
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/7283/all-info |
| Text | https://www.congress.gov/116/bills/hr7283/BILLS-116hr7283ih.pdf |
