H.R. 1601 — Rural Electric Tax Equity Act

Summary

Rural Electric Tax Equity Act - Amends the Internal Revenue Code to permit an exempt mutual or electric cooperative to exclude from income certain prepayments of any loan, debt, or obligation made, insured, or guaranteed under the Rural Electrification Act of 1936. Adds rules concerning the treatment of certain amounts received by taxable electric cooperatives.

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Related Legislation

S. 794Rural Electric Tax Equity Act
2001-04-26Read twice and referred to the Committee on Finance.
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Legislative Actions

2001-04-26
Introduced in House
2001-04-26
Introduced in House
2001-04-26
Referred to the House Committee on Ways and Means.
2001-06-25
Sponsor introductory remarks on measure. (CR H3496-3502)
2001-06-27
Sponsor introductory remarks on measure. (CR H3691-3698)

Rural Electric Tax Equity Act

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