Skip to main content
HR 1459 107th Congress House

Electric Power Industry Tax Modernization Act

Official title: To amend the Internal Revenue Code of 1986 to improve electric reliability, enhance transmission infrastructure, and to facilitate access to the electric transmission grid.

Introduced: January 24, 2002 See on congress.gov
Energy Business income taxCapital gains taxCitizen participationCommerce
More subjectsShow fewer subjects
Corporation taxesDeregulationElectric power distributionElectric power productionElectric power transmissionElectric utilitiesFinance and Financial SectorGovernment Operations and PoliticsIncome taxIndependent power producersNuclear facilitiesNuclear power plantsPublic utility regulationStocksTax deductionsTax exclusionTax returnsTax-exempt securitiesTaxation
Sign in to write a letter Sign in to watch
This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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
Apr 4, 2001
Referred to the House Committee on Ways and Means.
Apr 4, 2001
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action April 4, 2001

Referred to the House Committee on Ways and Means.

 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 bond 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.

 Related & companion bills 1
  • S 972 Identical bill Electric Power Industry Tax Modernization Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 11
All 11 Democratic 2 Republican 2
R
Wilson, Joe
South Carolina · Jan 24, 2002
BEREUTER, DOUGLAS
· Jul 11, 2001
DUNN, JENNIFER
· Jul 11, 2001
MCINNIS, SCOTT
· Jun 13, 2001
DeMint, James
· Jun 6, 2001
MCCARTHY, KAREN
· May 22, 2001
CRANE, PHILIP
· Apr 25, 2001
 D
Baldwin, Tammy
Wisconsin · Apr 4, 2001
 R
Graham, Lindsey
South Carolina · Apr 4, 2001
HOUGHTON, AMO
· Apr 4, 2001
 D
Neal, Richard E.
Massachusetts · Apr 4, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1459: Electric Power Industry Tax Modernization Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1459/
MLA
"H.R. 1459: Electric Power Industry Tax Modernization Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1459/.
Bluebook (legal)
H.R. 1459, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1459/.
Markdown link
[H.R. 1459: Electric Power Industry Tax Modernization Act](https://openamerica.io/bill/107-HR-1459/)
Report a problem