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S 1398 102th Congress Senate

A bill to amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from certain rules for determining contributions in aid of construction.

Introduced: September 12, 1991 See on congress.gov
Taxation Construction costsCorporation taxesIncome taxPublic utilitiesTax exclusion
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 19, 1992
Committee on Finance. Hearings held. Hearings printed: S.Hrg. 102-673.
Jun 26, 1991
Read twice and referred to the Committee on Finance.
Jun 26, 1991
Introduced in Senate
 Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

AmendmentSponsorPurposeStatusLatest action
SAMDT 1,798 – To amend section 6109 of the Internal Revenue Code of 1986 to provide for information reporting with respect … Pending May 7, 1992
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 Latest action February 19, 1992

Committee on Finance. Hearings held. Hearings printed: S.Hrg. 102-673.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code with respect to the corporate income tax exclusion of contributions to the capital of the taxpayer. Includes as a qualifying contribution any amount of money or property received by a regulated public utility (a utility required to provide electric energy, gas, water, or sewage disposal services) that: (1) is a contribution in aid of construction (as defined by regulations to be promulgated by the Secretary of the Treasury); (2) meets certain expenditure requirements; and (3) is not included in the taxpayer's rate base. Excludes amounts paid as customer connection fees.

 Related & companion bills 1
  • HR 118 Identical bill To amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from certain rules for dete…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Sep 12, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1398: A bill to amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from certain rules for determining contributions in aid of construction.. 102nd Congress. Open America. https://openamerica.io/bill/102-S-1398/
MLA
"S. 1398: A bill to amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from certain rules for determining contributions in aid of construction.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-S-1398/.
Bluebook (legal)
S. 1398, 102nd Cong. (2026), https://openamerica.io/bill/102-S-1398/.
Markdown link
[S. 1398: A bill to amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from certain rules for determining contributions in aid of construction.](https://openamerica.io/bill/102-S-1398/)
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