HR 1601 · 107th Congress · Taxation

Rural Electric Tax Equity Act

Introduced 2001-04-26· Sponsored by Rep. McInnis, Scott [R-CO-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR H3691-3698)(2001-06-27)

Plain Language Summary

[AI summary unavailable — showing source text] Rural Electric Tax Equity Act - Amends the Internal Revenue Code to permit an exempt mutual or electric cooperative to exclude from income certain prepayments of any loan, debt, or obligation made, insured, or guaranteed under the Rural Electrification Act of 1936. Adds rules concerning the treatment of certain amounts received by taxable electric cooperatives.…

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

Cosponsors (20)

8 Democrats12 Republicans
Rep. Tanner, John S. [D-TN-8]TN
Rep. Hayworth, J. D. [R-AZ-6]AZ
Rep. Matsui, Robert T. [D-CA-5]CA
Rep. Pomeroy, Earl [D-ND-At Large]ND
Rep. Ramstad, Jim [R-MN-3]MN
Rep. English, Phil [R-PA-21]PA
Rep. Herger, Wally [R-CA-2]CA
Rep. Thurman, Karen L. [D-FL-5]FL
Rep. Lewis, Ron [R-KY-2]KY
Rep. Clement, Bob [D-TN-5]TN
Rep. Ross, Mike [D-AR-4]AR
Rep. Schaffer, Bob [R-CO-4]CO
Rep. Skelton, Ike [D-MO-4]MO
Rep. Hilleary, Van [R-TN-4]TN
Rep. Watkins, Wes [R-OK-3]OK
Rep. Barr, Bob [R-GA-7]GA
Rep. Jenkins, William L. [R-TN-1]TN
Rep. Udall, Mark [D-CO-2]CO
Rep. Cubin, Barbara [R-WY-At Large]WY
Rep. Blunt, Roy [R-MO-7]MO