Bill116th CongressFiled Nov 21, 2019Taxation
S. 2942
A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Nov 21, 2019)
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.
What just happenedNov 21, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Shaheen, Jeanne [D-NH](D-NH)Sponsor
4 cosponsors1 D2 R1 I
4cosponsors1committees2actions1related bills5subjects
- Introduced in SenateNov 21, 2019
- Nov 21, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Nov 21, 2019IntroReferral10000
Introduced in Senate