HR 2079
107th Congress
House
Taxation
Alternative energy sources
Business income tax
Commerce
Electric power production
Electric utilities
Electric utility rates
Energy
Energy research
Energy tax credits
Excess profits tax
Hydroelectric power
Income tax
Personal income tax
Poor
Research and development tax credit
Science, Technology, Communications
Small business
Social Welfare
Solar energy
To amend the Internal Revenue Code of 1986 to impose a windfall profits tax on electric generating facilities having excess profits.
Introduced: June 6, 2001
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2001
Referred to the House Committee on Ways and Means.
Jun 6, 2001
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to impose (on sellers) a windfall profits tax on electric generating facilities having excess profits. Exempts electricity produced from renewable sources from such tax.
Expresses the sense of Congress that such tax should be used to: (1) reduce taxes for consumers and moderate the impact of high prices on the poor or small businessmen; and (2) encourage alternative energy source development through research tax credits.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1