Bill Sponsor
House Bill 7283
116th Congress(2019-2020)
To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
Introduced
Introduced
Introduced in House on Jun 18, 2020
Overview
Text
Introduced
Jun 18, 2020
Latest Action
Jun 18, 2020
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
7283
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.
Sponsorship by Party
Republican
Oregon
Democrat
New Hampshire
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
June 18, 2020
Actions (2)
06/18/2020
Referred to the House Committee on Ways and Means.
06/18/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:16:51 PM