Contributions in aid of construction for regulated water and sewerage disposal utility companies

 

알림: 역사 콘텐츠


본 문서는 기록 자료 또는 역사 자료로서 현행 법이나 정책, 절차>를 반영하고 있지 않을 수 있습니다.

For contributions made after December 31, 2020, a special rule applies to contributions to the capital of water and sewerage disposal utilities. Under the general rule, any contribution in aid of construction or any contribution by a government entity to the capital of a corporation is not eligible for exclusion from income under section 118. Under the special rule, any amount of money or property received after December 31, 2020, as a contribution in aid of construction or a contribution to the capital of a regulated public utility which provides water or sewerage disposal services is eligible for exclusion from income under section 118. For additional information, see IRC § 118.