S 794 · 107th Congress · Taxation

Rural Electric Tax Equity Act

Introduced 2001-04-26· Sponsored by Sen. Thompson, Fred [R-TN]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2001-04-26)

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 (8)

4 Democrats4 Republicans
Sen. Lincoln, Blanche L. [D-AR]AR
Sen. Grassley, Chuck [R-IA]IA
Sen. Baucus, Max [D-MT]MT
Sen. Wyden, Ron [D-OR]OR
Sen. Hutchinson, Tim [R-AR]AR
Sen. Smith, Gordon H. [R-OR]OR
Sen. Allard, Wayne [R-CO]CO
Sen. Hollings, Ernest F. [D-SC]SC