HR 4967
111th Congress
House
Taxation
Alternative and renewable resources
Contracts and agency
Electric power generation and transmission
Financial services and investments
Income tax exclusion
Securities
State and local finance
To amend the Internal Revenue Code of 1986 to provide an exception to the arbitrage rules for prepayments for electricity generated from renewable resources.
Introduced: March 25, 2010
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 2010
Referred to the House Committee on Ways and Means.
Mar 25, 2010
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to modify bond arbitrage rules to provide that an investment-type property does not include a prepayment under a qualified renewable electricity contract, thus exempting such prepayments from arbitrage restrictions.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1