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116-hr-7283116th Congress

To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.

Sponsored By: Representative GREG WALDEN

Unknown

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

GREG WALDEN

OR • R

Cosponsors

  • Rep. Kuster, Ann M. [D-NH-2]

    NH • D

    Sponsored 6/18/2020

Roll Call Votes

No roll call votes available for this bill.

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