House Bill 5258
116th Congress(2019-2020)
No Bonuses During Blackouts Act of 2019
Introduced
Introduced in House on Nov 22, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5258
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
No Bonuses During Blackouts Act of 2019
This bill imposes the alternative minimum tax on state regulated electric utilities that are in bankruptcy reorganization and that make incentive-based payments, other than salary, to any of their 13 highest compensated employees, or that own or lease infrastructure other than climate-resilient infrastructure (i.e., infrastructure capable of reducing the impact of major weather events and natural disasters).
November 22, 2019
11/22/2019
Referred to the House Committee on Ways and Means.
11/22/2019
Introduced in House
Public Record
Record Updated
Oct 28, 2022 1:46:10 AM