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- H.R.957
H.R.957: To amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from rules for determining contributions in aid of construction, and for other purposes.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Feb. 15, 1995
- Latest Major Action July 12, 1995
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
65 (23 Democrats, 42 Republicans)
Bill Summary
Amends the Internal Revenue Code with respect to the corporate income tax exclusion of contributions to the capital of the taxpayer. Includes as a qualifying contribution any amount of money or property received by a regulated public utility which provides water or sewage disposal services that: (1) is a contribution in aid of construction; (2) meets certain expenditure requirements; and (3) is not included in the taxpayer's rate base....
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Ways and Means.
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Sponsor introductory remarks on measure.
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Committee Hearings Held.
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Committee Hearings Held.
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| Feb. 15, 1995 |
Introduced in the House by Nancy Lee Johnson (R-Conn.) |