H.R. 7043 · 110th Congress
To amend the Internal Revenue Code of 1986 to provide for expensing of installing underground electric lines…
Full title
To amend the Internal Revenue Code of 1986 to provide for expensing of installing underground electric lines within the Hurricane Gustav disaster area, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
CazayouxSponsorNo cosponsors.
Amends the Internal Revenue Code to allow a taxpayer election to expense the cost of installing underground public utility property in the Hurricane Gustav disaster area. Terminates such expensing allowance after December 31, 2009.
What it does: CRS summary · Introduced in House · Sep 24, 2008
Amends the Internal Revenue Code to allow a taxpayer election to expense the cost of installing underground public utility property in the Hurricane Gustav disaster area. Terminates such expensing allowance after December 31, 2009.
Directs the Comptroller General to study and report to Congress on the electric grid failures in Louisiana following Hurricane Gustav.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to provide for expensing of installing underground electric lines within the Hurricane Gustav disaster area, and for other purposes.
Latest action (Sep 24, 2008): Referred to the Subcommittee on Energy and Air Quality.
Policy area: Taxation · Origin: House · Introduced: Sep 24, 2008
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.