Bill Summary & Status for the 106th Congress

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S.2967
Sponsor: Sen Murkowski, Frank H.(introduced 7/27/2000)
Latest Major Action: 7/27/2000 Referred to Senate committee
Title: A bill to amend the Internal Revenue Code of 1986 to facilitate competition in the electric power industry.
Jump to: Titles, Status, Committees, Related Bill Details, Amendments, Cosponsors, Summary

TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions)
7/27/2000:
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7865-7867)

COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***


AMENDMENT(S):

***NONE***


COSPONSORS(12), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Sen Breaux, John B. - 9/11/2000 Sen Cochran, Thad - 9/20/2000
Sen Gorton, Slade - 7/27/2000 Sen Hagel, Chuck - 9/6/2000
Sen Helms, Jesse - 10/3/2000 Sen Jeffords, James M. - 7/27/2000
Sen Kerrey, J. Robert - 7/27/2000 Sen Kyl, Jon - 9/20/2000
Sen Robb, Charles S. - 10/6/2000 Sen Smith, Gordon - 9/25/2000
Sen Thompson, Fred - 7/27/2000 Sen Warner, John W. - 9/11/2000


SUMMARY AS OF:
7/27/2000--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.