PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7865-7867)
Congressional Research Service
Version 00 · Introduced in Senate · Jul 27, 2000
Electric Power Industry Tax Modernization Act - Amends the Internal Revenue Code to permit a governmental unit to make an irrevocable election to terminate certain tax-exempt financing for electric output facilities.Sets forth provisions concerning independent transmission companies.Provides for the exclusion from gross income as contributions to capital of certain amounts received by electric utilities.Revises the special rules concerning the tax treatment of nuclear decommissioning costs.
People & committees
Sen. Murkowski, Frank H. [R-AK] · R–AK
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7865-7867)
Sponsor introductory remarks on measure. (CR S7863-7864)
Introduced in Senate
Primary sources
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Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
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Analyze S.2967 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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