CONGRESS FOR VOTERS

RepublicanBill · H.R. 2872· House(119-HR-2872)

RESILIENCE Act of 2025

Rep. Miller
Age: 76 years
West Virginia
Introduced
4/10/2025
Last activity
4/10/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Carol Miller
Cosponsors
Republican - 3Democrat - 8
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "RESILIENCE Act of 2025," seeks to amend the Internal Revenue Code of 1986. It specifically targets how adjusted financial statement income is calculated. The goal is to require that this income be reduced by certain deductions related to the repair and maintenance of specific public utility property. This involves property described in section 168(i)(10) that is owned by the taxpayer. These deductions must also be taken into account as a depreciation expense on the taxpayer's applicable financial statement. The changes are intended to apply to taxable years beginning after December 31, 2024.

Yes

  • Would business owners be better off under this?+2

    The bill provides tax-related adjustments that may benefit utility-owning businesses.

The opposite

No question was scored the opposite.