Legislators
Bills
Statements
Lobbying
Travel
- Bills
- S.2942
S.2942: A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
About This Bill
- Introduced Nov. 21, 2019
- Latest Major Action Nov. 21, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (1 Democrat, 1 Independent Democrat, 2 Republicans)
Bill Version
- Introduced in Senate - Nov. 21, 2019
Bill Summary
This bill 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.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
Nov. 21, 2019 |
Read twice and referred to the Committee on Finance.
|
Nov. 21, 2019 |
Introduced in the Senate by Jeanne Shaheen (D-N.H.) |