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Tax Relief for Public Utility Repairs: Lower Costs for Companies.

New rules allow public utility companies to deduct repair and maintenance costs from their taxable income. This could lower their taxes, potentially leading to more stable service prices for citizens and improved infrastructure.
Key points
Public utility companies (e.g., electricity, water providers) can deduct repair and maintenance expenses from their income, reducing their tax burden.
These changes apply to tax years beginning after December 31, 2024.
The aim is to support infrastructure investment and maintenance, potentially improving service quality for citizens.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2872
Sponsor: Rep. Miller, Carol D. [R-WV-1]
Process start date: 2025-04-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

RESILIENCE Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2872.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-10.

What are the main provisions?

Key points include:

  • Public utility companies (e.g., electricity, water providers) can deduct repair and maintenance expenses from their income, reducing their tax burden.
  • These changes apply to tax years beginning after December 31, 2024.
  • The aim is to support infrastructure investment and maintenance, potentially improving service quality for citizens.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Miller, Carol D. [R-WV-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Public Investments