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HR 2079 107th Congress House

To amend the Internal Revenue Code of 1986 to impose a windfall profits tax on electric generating facilities having excess profits.

Introduced: June 12, 2001 See on congress.gov
Taxation Alternative energy sourcesBusiness income taxCommerceElectric power production
More subjectsShow fewer subjects
Electric utilitiesElectric utility ratesEnergyEnergy researchEnergy tax creditsExcess profits taxHydroelectric powerIncome taxPersonal income taxPoorResearch and development tax creditScience, Technology, CommunicationsSmall businessSocial WelfareSolar energySolar power plantsTax cutsWater Resources DevelopmentWind power
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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
Jun 6, 2001
Referred to the House Committee on Ways and Means.
Jun 6, 2001
Introduced in House
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 Latest action June 6, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Independent 1
I
Sanders, Bernard
Vermont · Jun 12, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2079: To amend the Internal Revenue Code of 1986 to impose a windfall profits tax on electric generating facilities having excess profits.. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2079/
MLA
"H.R. 2079: To amend the Internal Revenue Code of 1986 to impose a windfall profits tax on electric generating facilities having excess profits.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2079/.
Bluebook (legal)
H.R. 2079, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2079/.
Markdown link
[H.R. 2079: To amend the Internal Revenue Code of 1986 to impose a windfall profits tax on electric generating facilities having excess profits.](https://openamerica.io/bill/107-HR-2079/)
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