3.0.0 919 2022-02-02T06:05:54Z 2022-11-04T13:28:06Z Senate S 2015-04-14 114 ssfi00 Finance Committee Senate Standing Reported original measure 2015-04-14T15:33:40Z S. Rept. 114-29 2015-04-14 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 52. Calendars 2015-04-14 ssfi00 Finance Committee Senate Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-29. Committee 2015-04-14 Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-29. Committee 14000 9 Library of Congress ssfi00 Finance Committee 2015-04-14 Introduced in Senate IntroReferral 10000 9 Library of Congress H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT N Taxation Business investment and capital Coal Electric power generation and transmission Energy efficiency and conservation Environmental technology Income tax exclusion Taxation 00 2015-04-14 Introduced in Senate 2015-05-20T19:04:34Z This bill excludes from gross income, for income tax purposes, any amount received by a non-corporate taxpayer as a clean coal power grant, award, or allowance under the Energy Policy Act of 2005. To the extent that such grant, award, or allowance is related to depreciable property, the adjusted basis of such property is reduced by the amount excluded from gross income. Each non-corporate taxpayer allowed a tax exclusion under this Act must make a payment to the federal government of 1.18% of the value of the grant, award, or allowance received.

]]> 80 2015-04-14 Reported to Senate without amendment 2015-05-20T19:09:31Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

This bill excludes from gross income, for income tax purposes, any amount received by a non-corporate taxpayer as a clean coal power grant, award, or allowance under the Energy Policy Act of 2005. To the extent that such grant, award, or allowance is related to depreciable property, the adjusted basis of such property is reduced by the amount excluded from gross income. Each non-corporate taxpayer allowed a tax exclusion under this Act must make a payment to the federal government of 1.18% of the value of the grant, award, or allowance received.

This bill is applicable to grant amounts received in taxable years beginning after December 31, 2011.

]]> An original bill to exclude from gross income certain clean coal power grants to non-corporate taxpayers. Display Title An original bill to exclude from gross income certain clean coal power grants to non-corporate taxpayers. Official Title as Introduced An original bill to exclude from gross income certain clean coal power grants to non-corporate taxpayers. Placed on Calendar Senate 2015-04-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s919pcs/xml/BILLS-114s919pcs.xml 2015-04-14 Placed on Senate Legislative Calendar under General Orders. Calendar No. 52. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.