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S 1997 117th Congress Senate Taxation Business investment and capital Income tax exclusion Public utilities and utility rates Solid waste and recycling Water use and supply

A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.

Introduced: June 9, 2021 Introduced by: Shaheen, Jeanne Democratic · New Hampshire See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 9, 2021
Read twice and referred to the Committee on Finance.
Jun 9, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

This bill revises requirements for the tax exclusion for contributions to the capital of a corporation. Specifically, the bill allows an exclusion for certain amounts received by a regulated public utility that provides water or sewerage disposal services.

What's happening now June 9, 2021

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 5366 Identical bill To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 2 Independent 1
R
Collins, Susan M.
Maine · Jun 17, 2021
 I
King, Angus S., Jr.
Maine · Jun 17, 2021
 D
Hassan, Margaret Wood
New Hampshire · Jun 9, 2021
 R
Murkowski, Lisa
Alaska · Jun 9, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1997: A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.. 117th Congress. Open America. https://openamerica.io/bill/117-S-1997/
MLA
"S. 1997: A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1997/.
Bluebook (legal)
S. 1997, 117th Cong. (2026), https://openamerica.io/bill/117-S-1997/.
Markdown link
[S. 1997: A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.](https://openamerica.io/bill/117-S-1997/)
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