HR 7283 · 116th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.

Introduced 2020-06-18· Sponsored by Rep. Walden, Greg [R-OR-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2020-06-18)

Plain Language Summary

[AI summary unavailable — showing source text] This bill amends the Internal Revenue Code to revise requirements for the tax exclusion for contributions to the capital of a corporation. Specifically, the bill allows an exclusion for certain amounts received by a regulated public utility that provides water or sewerage disposal services.…

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

Cosponsors (1)

1 Democrat
Rep. Kuster, Ann M. [D-NH-2]NH