Bill Summary & Status for the 106th Congress

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H.R.4971
Sponsor: Rep Hayworth, J. D.(introduced 7/26/2000)
Latest Major Action: 7/26/2000 Referred to House committee
Title: To amend the Internal Revenue Code of 1986 to facilitate competition in the electric power industry.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions)
7/26/2000:
Referred to the House Committee on Ways and Means.
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(57), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Rep Aderholt, Robert B. - 9/18/2000 Rep Baird, Brian - 10/25/2000
Rep Baldwin, Tammy - 9/7/2000 Rep Barrett, Bill - 9/7/2000
Rep Barrett, Thomas M. - 10/5/2000 Rep Bereuter, Doug - 10/24/2000
Rep Bonilla, Henry - 9/20/2000 Rep Boucher, Rick - 9/6/2000
Rep Boyd, Allen - 9/25/2000 Rep Burr, Richard - 9/25/2000
Rep Canady, Charles T. - 10/3/2000 Rep Cardin, Benjamin L. - 9/20/2000
Rep Clayton, Eva M. - 11/14/2000 Rep Collins, Mac - 7/27/2000
Rep Crane, Philip M. - 9/6/2000 Rep Danner, Pat - 9/13/2000
Rep Deutsch, Peter - 9/20/2000 Rep Dunn, Jennifer - 9/13/2000
Rep English, Phil - 7/26/2000 Rep Foley, Mark - 7/27/2000
Rep Fowler, Tillie - 10/18/2000 Rep Gonzalez, Charles A. - 9/18/2000
Rep Goode, Virgil H., Jr. - 9/7/2000 Rep Goodlatte, Bob - 10/5/2000
Rep Hastings, Doc - 10/24/2000 Rep Herger, Wally - 7/26/2000
Rep Houghton, Amo - 9/6/2000 Rep Inslee, Jay - 9/25/2000
Rep Isakson, Johnny - 9/12/2000 Rep Johnson, Nancy L. - 7/26/2000
Rep Johnson, Sam - 9/7/2000 Rep Lofgren, Zoe - 9/7/2000
Rep Matsui, Robert T. - 7/26/2000 Rep McCollum, Bill - 9/6/2000
Rep McCrery, Jim - 7/27/2000 Rep McGovern, James P. - 9/18/2000
Rep McHugh, John M. - 9/20/2000 Rep Meek, Carrie P. - 10/3/2000
Rep Neal, Richard E. - 7/26/2000 Rep Nethercutt, George R., Jr. - 9/6/2000
Rep Phelps, David D. - 9/13/2000 Rep Ramstad, Jim - 7/26/2000
Rep Riley, Bob - 9/6/2000 Rep Rodriguez, Ciro - 9/7/2000
Rep Shaw, E. Clay, Jr. - 7/26/2000 Rep Shimkus, John - 9/12/2000
Rep Sisisky, Norman - 9/25/2000 Rep Smith, Lamar - 9/12/2000
Rep Stearns, Cliff - 10/3/2000 Rep Sweeney, John E. - 9/25/2000
Rep Tanner, John S. - 7/27/2000 Rep Terry, Lee - 9/12/2000
Rep Thurman, Karen L. - 7/26/2000 Rep Watkins, Wes - 7/26/2000
Rep Weller, Jerry - 7/26/2000 Rep Wexler, Robert - 10/18/2000
Rep Wolf, Frank R. - 10/18/2000

SUMMARY AS OF:
7/26/2000--Introduced.

Electric Power Industry Tax Modernization Act - Amends the Internal Revenue Code to permit a governmental unit to make an irrevocable election to terminate certain tax-exempt financing for electric output facilities.

Sets forth provisions concerning independent transmission companies.

Provides for the exclusion from gross income as contributions to capital of certain amounts received by electric utilities.

Revises the special rules concerning the tax treatment of nuclear decommissioning costs.