US Congress Senate Bill 919 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on April 14 2015 - 25% progression, died in chamber
Action: 2015-04-14 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 52.
Text: Latest bill text (Introduced) [PDF]

An original bill to exclude from gross income certain clean coal power grants to non-corporate taxpayers. 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.

Sen. Orrin Hatch [R-UT]

Date	Chamber	Action
2015-04-14	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 52.
2015-04-14	Senate	Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-29.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/919/all-info
Text	https://www.congress.gov/114/bills/s919/BILLS-114s919pcs.pdf