A bill to amend the Internal Revenue Code of 1986 to clarify that conservation expenditures by electric and gas utilities are deductible for the year in which paid or incurred.
Energy Efficiency and Conservation Act of 1993 - Amends the Internal Revenue Code to allow a deduction for energy conservation expenditures by an electric or gas utility during a taxable year in connection with its trade or business, as long as the rates for the sale of such electricity or natural gas have been approved by the appropriate governing body.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S6134-6135)
Read twice and referred to the Committee on Finance.
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