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- S.1997
S.1997: 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 June 9, 2021
- Latest Major Action June 9, 2021
- 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 - June 9, 2021
Bill Summary
This bill revises 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)
Bill Actions
| Date | Description |
|---|---|
| June 9, 2021 |
Read twice and referred to the Committee on Finance.
|
| June 9, 2021 |
Introduced in the Senate by Jeanne Shaheen (D-N.H.) |