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HR 2172 102th Congress House Taxation Environmental Protection Ferries Hazardous waste disposal Income tax Infrastructure (Economics) Interest Mass rapid transit Minimum tax Motor vehicle pollution control Municipal services Public works Recycling industry Recycling of waste products Refuse and refuse disposal Sewage treatment plants Subways Tax exclusion Tax-exempt securities Water supply

Environmental Infrastructure Financing Act of 1991

Introduced: May 1, 1991 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 1, 1991
Referred to the House Committee on Ways and Means.
May 1, 1991
Introduced in House
 Plain-English summary Congressional Research Service

Environmental Infrastructure Financing Act of 1991 - Amends the Internal Revenue Code to allow qualified recycling facilities to issue tax-exempt private activity bonds.

Excludes the following environmental facilities from the volume cap on such bonds: (1) mass commuting facilities; (2) facilities for the furnishing of water; (3) sewage facilities; (4) solid waste disposal facilities; (5) qualified hazardous waste facilities; and (6) qualified recycling facilities. Exempts such facilities from certain rules relating to acquisition of existing property and restrictions on issuance costs.

Excludes from alternative minimum tax the interest on environmental facility bonds. Provides for the treatment of such bonds under advance refunding rules. Excludes such bonds from arbitrage rebate requirements.

Repeals the requirement that mass commuting facilities be governmentally owned.

What's happening now May 1, 1991

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2