S 1226 · 106th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to provide that interest on indebtedness used to finance the furnishing or sale of rate-regulated electric energy or natural gas in the United States shall be allocated solely to sources within the United States.

Introduced 1999-06-16· Sponsored by Sen. Mack, Connie, III [R-FL]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1999-06-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that interest on indebtedness used to finance the furnishing or sale of rate-regulated electric energy or natural gas in the United States shall be allocated solely to sources within the United States.…

Summarized by Claude AI · Non-partisan · For informational purposes only