H.R. 11997 — A bill to clarify the treatment of contributions in aid of construction to regulated electric or gas public utilities.

Summary

Amends the Internal Revenue Code to allow public utilities to exclude from gross income, as contributions to capital, all amounts received in aid of construction of electric energy, steam, or gas facilities.

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Related Legislation

H.R. 11741A bill to amend section 118 of the Internal Revenue Code of 1954 to clarify the treatment of contributions in aid of construction to regulated electric or gas public utilities.
1978-10-04Referred to Senate Committee on Finance.
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Legislative Actions

1978-04-11
Introduced in House
1978-04-11
Introduced in House
1978-04-11
Referred to House Committee on Ways and Means.

A bill to clarify the treatment of contributions in aid of construction to regulated electric or gas public utilities.

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