HR 1459 · 107th Congress · Energy

Electric Power Industry Tax Modernization Act

Introduced 2001-04-04· Sponsored by Rep. Hayworth, J. D. [R-AZ-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2001-04-04)

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 bond 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 (20)

6 Democrats14 Republicans
Rep. English, Phil [R-PA-21]PA
Rep. Matsui, Robert T. [D-CA-5]CA
Rep. Weller, Jerry [R-IL-11]IL
Rep. Neal, Richard E. [D-MA-2]MA
Rep. Houghton, Amo [R-NY-31]NY
Rep. Baldwin, Tammy [D-WI-2]WI
Rep. King, Peter T. [R-NY-3]NY
Rep. Spratt, John M., Jr. [D-SC-5]SC
Rep. Graham, Lindsey [R-SC-3]SC
Rep. Thurman, Karen L. [D-FL-5]FL
Rep. Shimkus, John [R-IL-20]IL
Rep. Johnson, Nancy L. [R-CT-6]CT
Rep. Crane, Philip M. [R-IL-8]IL
Rep. Ramstad, Jim [R-MN-3]MN
Rep. Petri, Thomas E. [R-WI-6]WI
Rep. Boucher, Rick [D-VA-9]VA
Rep. Stearns, Cliff [R-FL-6]FL
Rep. Herger, Wally [R-CA-2]CA
Rep. Foley, Mark [R-FL-16]FL
Rep. Smith, Lamar [R-TX-21]TX