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HR 4971 106th Congress House Energy Business income tax Capital gains tax Corporation taxes Deregulation Electric power distribution Electric power production Electric power transmission Electric utilities Finance and Financial Sector Income tax Nuclear facilities Nuclear power plants Public utility regulation Stocks Tax deductions Tax exclusion Tax-exempt securities

Electric Power Industry Tax Modernization Act

Introduced: July 26, 2000 See on congress.gov
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 26, 2000
Referred to the House Committee on Ways and Means.
Jul 26, 2000
Introduced in House
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 Plain-English summary Congressional Research Service
Electric Power Industry Tax Modernization Act - Amends the Internal Revenue Code to permit a governmental unit to make an irrevocable election to terminate certain tax-exempt financing for electric output facilities.

Sets forth provisions concerning independent transmission companies.

Provides for the exclusion from gross income as contributions to capital of certain amounts received by electric utilities.

Revises the special rules concerning the tax treatment of nuclear decommissioning costs.

What's happening now July 26, 2000

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 4 Republican 1
R
Aderholt, Robert B.
Alabama · Sep 18, 2000
 D
McGovern, James P.
Massachusetts · Sep 18, 2000
 D
Baldwin, Tammy
Wisconsin · Sep 7, 2000
 D
Lofgren, Zoe
California · Sep 7, 2000
 D
Neal, Richard E.
Massachusetts · Jul 26, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4971: Electric Power Industry Tax Modernization Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-4971/
MLA
"H.R. 4971: Electric Power Industry Tax Modernization Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-4971/.
Bluebook (legal)
H.R. 4971, 106th Cong. (2026), https://openamerica.io/bill/106-HR-4971/.
Markdown link
[H.R. 4971: Electric Power Industry Tax Modernization Act](https://openamerica.io/bill/106-HR-4971/)
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