Bill117th CongressFiled Sep 24, 2021Taxation
H.R. 5366
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 house (Sep 24, 2021)
This bill allows an exclusion from gross income, for income tax purposes, of certain amounts received as contributions to capital by a regulated public utility that provides water or sewerage disposal services. It also provides a three-year statute of limitations period for any deficiency attributable to the treatment of such amounts as a contribution to capital.
What just happenedSep 24, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Kuster, Ann M. [D-NH-2](D-NH)Sponsor
1committees3actions1related bills5subjects
- Introduced in HouseSep 24, 2021
- Sep 24, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 24, 2021IntroReferralIntro-H
Introduced in House
- Sep 24, 2021IntroReferral1000
Introduced in House