To amend the Internal Revenue Code of 1986 to allow electric utility companies to expense the cost of replacing above-ground electric transmission lines with underground electric transmission lines.
About This Bill
Committee
Latest Action · November 9, 2005
Referred to the House Committee on Ways and Means.
Amends the Internal Revenue Code to allow a qualified public electric utility to elect to expense (i.e., deduct all costs in the current taxable year) the cost of installing an underground electric transmission line to replace an aboveground line.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.