A bill to clarify the income tax treatment of amounts realized by certain regulated public utilities in settlement of damages under contracts for the purchase of fuel.
M.D.L. 235 Settlement Discounts Tax Act of 1981 - Excludes from gross income any discount or price reduction on property and services provided for under a specified fuel settlement involving Westinghouse Electric Corporation and certain public utilities.
Referred to House Committee on Ways and Means.
Introduced in Senate
Read second time and referred to Senate Committee on Finance.
Committee on Finance requested executive comment from OMB; Treasury Department; Energy Department.
Subcommittee on Taxation and Debt Management. Hearings held.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line