HR 2080
107th Congress
House
Taxation
Alternative energy sources
Business income tax
Commerce
Depreciation and amortization
Electric power production
Electric utilities
Electric utility rates
Energy
Hydroelectric power
Income tax
Profit
Solar energy
Solar power plants
Tax deductions
Water Resources Development
Wind power
To amend the Internal Revenue Code of 1986 to deny accelerated depreciation for electric generating facilities having excess profits in order to prevent taxpayers operating such facilities from having both excess profits and tax incentives.
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 deny accelerated depreciation and recapture previously permitted accelerated benefits for electric generating facilities with excess profits (pretax rate of return in excess of 15 percent for the taxable year).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1