H.R. 4967 — To amend the Internal Revenue Code of 1986 to provide an exception to the arbitrage rules for prepayments for electricity generated from renewable resources.

Summary

Amends the Internal Revenue Code to modify bond arbitrage rules to provide that an investment-type property does not include a prepayment under a qualified renewable electricity contract, thus exempting such prepayments from arbitrage restrictions.

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2010-03-25
Introduced in House
2010-03-25
Introduced in House
2010-03-25
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to provide an exception to the arbitrage rules for prepayments for electricity generated from renewable resources.

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