3.0.0 5366 2022-12-31T08:58:55Z 2022-12-31T08:58:55Z House HR 2021-09-24 117 [Congressional Record Volume 167, Number 166 (Friday, September 24, 2021)][House][Pages H5174-H5175]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. KUSTER:H.R. 5366.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the United StatesConstitution, the Taxing and Spending Clause: ``The Congressshall have Power[[Page H5175]]To lay and collect Taxes, Duties, Imposts and Excises, to paythe Debts and provide for the common Defense and generalWelfare of the United States . . .'']]> hswm00 Ways and Means Committee House Standing Referred to 2021-09-24T13:01:10Z 117 1997 S 2021-06-09 Read twice and referred to the Committee on Finance. Identical bill CRS 2021-09-24 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-09-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-09-24 Introduced in House IntroReferral 1000 9 Library of Congress K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 N Taxation Business investment and capital Income tax exclusion Public utilities and utility rates Solid waste and recycling Water use and supply Taxation

00 2021-09-24 Introduced in House 2021-10-25T14:02:58Z This bill allows an exclusion from gross income, for income tax purposes, of certain amounts received as contributions to capital by a regulated public utility that provides water or sewerage disposal services. It also provides a three-year statute of limitations period for any deficiency attributable to the treatment of such amounts as a contribution to capital.

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Official Title as Introduced Introduced in House IH Display Title Introduced in House 2021-09-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr5366ih/xml/BILLS-117hr5366ih.xml 2021-09-24 Referred to the House Committee on Ways and Means. 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.