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- S.726
S.726: Municipal Utility Natural Gas Supply Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced April 6, 2001
- Latest Major Action April 6, 2001
Bill Sponsor
Bill Cosponsors
8 (5 Democrats, 4 Republicans)
Bill Summary
Municipal Utility Natural Gas Supply Act of 2001 - Amends the Internal Revenue Code to exclude from the definition of the term "investment property," as such term is used in defining "higher yield investments," any prepayment on a supply contract for the purpose of obtaining a supply of natural gas reasonably expected to be used by a utility which is owned and operated by a State or local government, or any State or local government political...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| April 6, 2001 |
Introduced in the Senate by John B. Breaux (D-La.) |