Amends the Internal Revenue Code to provide that the interest on an obligation issued to provide property for use by an electric utility is not exempt from tax if such utility fails to adhere to certain take or pay agreements entered into in connection with the proposed construction of certain nuclear electric generating facilities.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Referred to Subcommittee on Select Revenue Measures.
Subcommittee Hearings Held.
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