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S 289 103th Congress Senate Taxation Construction costs Corporation taxes Depreciation and amortization Income tax Public utilities Sewage disposal Tax deductions Tax exclusion Water supply

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

Introduced: February 3, 1993 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) 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 3, 1993
Read twice and referred to the Committee on Finance.
Feb 3, 1993
Sponsor introductory remarks on measure. (CR S1178)
Feb 3, 1993
Introduced in Senate
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 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 which provides water or sewage disposal services that: (1) is a contribution in aid of construction; (2) meets certain expenditure requirements; and (3) is not included in the taxpayer's rate base. Excludes amounts paid as service charges for starting or stopping services.

Determines the depreciation deduction for such property by using the straight line method and provides for a 25-year recovery period.

What's happening now February 3, 1993

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · May 5, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). S. 289: A bill to amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from rules for determining contributions in aid of construction, and for other purposes.. 103rd Congress. Open America. https://openamerica.io/bill/103-S-289/
MLA
"S. 289: A bill to amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from rules for determining contributions in aid of construction, and for other purposes.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-S-289/.
Bluebook (legal)
S. 289, 103rd Cong. (2026), https://openamerica.io/bill/103-S-289/.
Markdown link
[S. 289: A bill to amend section 118 of the Internal Revenue Code of 1986 to provide for certain exceptions from rules for determining contributions in aid of construction, and for other purposes.](https://openamerica.io/bill/103-S-289/)
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