US HB1113 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 23 2009 - 25% progression, died in committee
Action: 2009-02-23 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 23 2009 - 25% progression, died in committee
Action: 2009-02-23 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to allow a 15-year recovery period for the depreciation of: (1) certain property used in the transmission or distribution of electricity for sale and which is originally placed in service after enactment of this Act; and (2) initial clearing and grading land improvements with respect to any electric utility transmission and distribution plant.
Title
To amend the Internal Revenue Code of 1986 to provide a 15-year recovery period for property used in the transmission or distribution of electricity for sale.
Sponsors
| Rep. Denny Rehberg [R-MT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-02-23 | Referred to the House Committee on Ways and Means. |
Subjects
Business investment and capital
Electric power generation and transmission
Income tax deductions
Public utilities and utility rates
Taxation
Electric power generation and transmission
Income tax deductions
Public utilities and utility rates
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/1113/all-info |
| Text | https://www.congress.gov/111/bills/hr1113/BILLS-111hr1113ih.pdf |
