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To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.
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This bill amends the Internal Revenue Code to revise 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.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2020 · fourth_quarter · Taxation/Internal Revenue Code
Tax treatment of Contributions in Aid of Construction, as amended by the Tax Cuts and Jobs Act, including S. 2942 and H.R. 7283 The Consolidated Appropriations Act, 2021 (H.R. 133)
Client expense: Not reported · Firm income: $50,000
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
S. 2942/H.R.7283 to provide that certain contributions by government entities are treated as contributions to capital - ALL S. 3814/H.R. 7481 RESTART ACT - ALL H.R. 7079 Clean Start Back to Work Act - ALL H.R. 6799 Keeping the Lights On Act - ALL H.R. 6800 HEROES Act, Division B Revenue Provisions, Title II - Additional Relief for Worker: Section 20211 Improvements to Employee Retention Credit; Section 20231 Payroll tax deferral for recipients of certain loan forgiveness; and Section 20235 Clarification of treatment of expenses paid or incurred with proceeds from certain loans and grants. Title III - Net operating Losses: Section 20302: Certain taxpayers allowed carryback of net operating losses arising in 2019 and 2020. S. 3612/H.R. 6821 Small Business Expense Protection Act - ALL Like-Kind Exchanges - maintaining current tax treatment of IRC Section 1031 - no bill Cancellation of Indebtedness income- no bill H.R. 8805 Retail Revitalization Act of 2020 - ALL H.R. 8930 Energy Efficient Qualified Improvement Property Act of 2020 (E-QUIP Act) - ALL
Client expense: $450,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2020 · third_quarter · Taxation/Internal Revenue Code
Tax treatment of Contributions in Aid of Construction, as amended by the Tax Cuts and Jobs Act, including S. 2942 and H.R. 7283
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Taxation/Internal Revenue Code
S. 2942/H.R.7283 to provide that certain contributions by government entities are treated as contributions to capital - ALL S. 3814/H.R. 7481 RESTART ACT - ALL H.R. 7079 Clean Start Back to Work Act - ALL H.R. 6799 Keeping the Lights On Act - ALL H.R. 6800 HEROES Act, Division B Revenue Provisions, Title II - Additional Relief for Worker: Section 20211 Improvements to Employee Retention Credit; Section 20231 Payroll tax deferral for recipients of certain loan forgiveness; and Section 20235 Clarification of treatment of expenses paid or incurred with proceeds from certain loans and grants. Title III - Net operating Losses: Section 20302: Certain taxpayers allowed carryback of net operating losses arising in 2019 and 2020. S. 3612/H.R. 6821 Small Business Expense Protection Act - ALL Like-Kind Exchanges - maintaining current tax treatment of IRC Section 1031 - no bill Cancellation of Indebtedness income- no bill
Client expense: $480,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
2020 · second_quarter · Taxation/Internal Revenue Code
Tax treatment of Contributions in Aid of Construction, as amended by the Tax Cuts and Jobs Act, including S. 2942 and H.R. 7283
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE