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- S.972
S.972: Electric Power Industry Tax Modernization Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced May 25, 2001
- Latest Major Action May 25, 2001
Bill Sponsor
Bill Cosponsors
7 (1 Democrat, 1 Independent, 6 Republicans)
Bill Summary
Electric Power Industry Tax Modernization Act - Amends the Internal Revenue Code to permit a governmental unit to make an irrevocable election to terminate certain tax-exempt bond financing for electric output facilities.Sets forth provisions concerning independent transmission companies.Provides for the exclusion from gross income as contributions to capital of certain amounts received by electric utilities.Revises the special rules...
(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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| May 25, 2001 |
Introduced in the Senate by Frank H. Murkowski (R-Alaska) |