HR 1552
102th Congress
House
Taxation
Corporation taxes
Income tax
Interest
Local finance
Municipal services
Sewage disposal
Tax deductions
Tax-exempt securities
User charges
Water rates
Water use
Sewer and Water Fee Deductibility Act of 1991
Introduced: March 21, 1991
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 5, 1992
See H.R.11.
Mar 21, 1991
Referred to the House Committee on Ways and Means.
Mar 21, 1991
Introduced in House
Plain-English summary
Sewer and Water Fee Deductibility Act of 1991 - Amends the Internal Revenue Code to allow an income tax deduction for amounts imposed by a State or local government as fees for water or sewer services.
Disallows a deduction, individual or corporate, for that portion of the interest expense which is allocable to tax-exempt interest.
What's happening now
See H.R.11.
Committees of jurisdiction
1