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- H.R.1601
H.R.1601: Rural Electric Tax Equity Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced April 26, 2001
- Latest Major Action June 27, 2001
Bill Sponsor
Bill Cosponsors
31 (10 Democrats, 22 Republicans)
Bill Summary
Rural Electric Tax Equity Act - Amends the Internal Revenue Code to permit an exempt mutual or electric cooperative to exclude from income certain prepayments of any loan, debt, or obligation made, insured, or guaranteed under the Rural Electrification Act of 1936. Adds rules concerning the treatment of certain amounts received by taxable electric cooperatives.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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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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Sponsor introductory remarks on measure.
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| April 26, 2001 |
Introduced in the House by Scott McInnis (R-Colo.) |