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HR 957 104th Congress House Taxation Commerce Construction costs Corporation taxes Depreciation and amortization Energy Energy policy Environmental Protection Income tax Investment tax credit Public utilities Sewage disposal Tax deductions Tax exclusion Water Resources Development Water supply

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 15, 1995 See on congress.gov
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 1995
Committee Hearings Held.
Jul 11, 1995
Committee Hearings Held.
Feb 16, 1995
Sponsor introductory remarks on measure. (CR E362-363)
Feb 15, 1995
Referred to the House Committee on Ways and Means.
Feb 15, 1995
Introduced in House
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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 July 12, 1995

Committee Hearings Held.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Republican 1
D
DeLauro, Rosa L.
Connecticut · Jun 7, 1995
 R
Crapo, Mike
Idaho · May 2, 1995
 D
Lofgren, Zoe
California · Mar 24, 1995
 D
Neal, Richard E.
Massachusetts · Feb 15, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 957: 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.. 104th Congress. Open America. https://openamerica.io/bill/104-HR-957/
MLA
"H.R. 957: 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.." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-957/.
Bluebook (legal)
H.R. 957, 104th Cong. (2026), https://openamerica.io/bill/104-HR-957/.
Markdown link
[H.R. 957: 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/104-HR-957/)
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