Skip to main content
HR 1459 107th Congress House Energy Business income tax Capital gains tax Citizen participation Commerce Corporation taxes Deregulation Electric power distribution Electric power production Electric power transmission Electric utilities Finance and Financial Sector Government Operations and Politics Income tax Independent power producers Nuclear facilities Nuclear power plants Public utility regulation Stocks Tax deductions

Electric Power Industry Tax Modernization Act

Introduced: April 4, 2001 See on congress.gov
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.

 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.

What's happening now April 4, 2001

Referred to the House Committee on Ways and Means.

 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 4
All 4 Democratic 2 Republican 2
R
Wilson, Joe
South Carolina · Jan 24, 2002
 D
Baldwin, Tammy
Wisconsin · Apr 4, 2001
 R
Graham, Lindsey
South Carolina · 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