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    <number>7283</number>
    <updateDate>2022-02-08T23:16:51Z</updateDate>
    <updateDateIncludingText>2022-02-08T23:16:51Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2020-06-18</introducedDate>
    <congress>116</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 166, Number 113 (Thursday, June 18, 2020)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. WALDEN:H.R. 7283.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the United StatesConstitution relating to the power of Congress to lay andcollect taxes.[Page H2407]</pre>]]></constitutionalAuthorityStatementText>
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      <item>
        <title>A bill to amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.</title>
        <congress>116</congress>
        <number>2942</number>
        <type>S</type>
        <latestAction>
          <actionDate>2019-11-21</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2020-06-18</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <bioguideId>W000791</bioguideId>
        <fullName>Rep. Walden, Greg [R-OR-2]</fullName>
        <firstName>GREG</firstName>
        <lastName>WALDEN</lastName>
        <party>R</party>
        <state>OR</state>
        <district>2</district>
        <isByRequest>N</isByRequest>
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    <cosponsors>
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        <bioguideId>K000382</bioguideId>
        <fullName>Rep. Kuster, Ann M. [D-NH-2]</fullName>
        <firstName>Ann</firstName>
        <lastName>Kuster</lastName>
        <party>D</party>
        <state>NH</state>
        <middleName>M.</middleName>
        <district>2</district>
        <sponsorshipDate>2020-06-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Business investment and capital</name>
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        <item>
          <name>Income tax exclusion</name>
        </item>
        <item>
          <name>Public utilities and utility rates</name>
        </item>
        <item>
          <name>Solid waste and recycling</name>
        </item>
        <item>
          <name>Water use and supply</name>
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      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
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    <summaries>
      <summary>
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        <actionDate>2020-06-18</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2020-08-04T12:50:26Z</updateDate>
        <text><![CDATA[ <p>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. </p>]]></text>
      </summary>
    </summaries>
    <title>To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.</title>
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        <title>To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2020-06-18T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-116hr7283ih/xml/BILLS-116hr7283ih.xml</url>
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    <latestAction>
      <actionDate>2020-06-18</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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