S 2967 · 106th Congress · Energy

Electric Power Industry Tax Modernization Act

Introduced 2000-07-27· Sponsored by Sen. Murkowski, Frank H. [R-AK]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7865-7867)(2000-07-27)

Plain Language Summary

[AI summary unavailable — showing source text] 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 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 concerning the tax treatment of nuclear decommissioning costs.…

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

Cosponsors (12)

3 Democrats9 Republicans
Sen. Gorton, Slade [R-WA]WA
Sen. Kerrey, J. Robert [D-NE]NE
Sen. Jeffords, James M. [R-VT]VT
Sen. Thompson, Fred [R-TN]TN
Sen. Hagel, Chuck [R-NE]NE
Sen. Breaux, John B. [D-LA]LA
Sen. Warner, John [R-VA]VA
Sen. Kyl, Jon [R-AZ]AZ
Sen. Cochran, Thad [R-MS]MS
Sen. Smith, Gordon H. [R-OR]OR
Sen. Helms, Jesse [R-NC]NC
Sen. Robb, Charles S. [D-VA]VA