HR 840
105th Congress
House
Taxation
Business income tax
Capital investments
Commerce
Factories
Finance and Financial Sector
Government Operations and Politics
Income tax
Industrial development bonds
Land transfers
Manufacturing industries
Office buildings
Public Lands and Natural Resources
State finance
Tax-exempt securities
To amend the Internal Revenue Code of 1986 to disregard certain amounts of capital expenditures in applying $10,000,000 limit on such issues, and for other purposes.
Introduced: February 26, 1997
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 26, 1997
Referred to the House Committee on Ways and Means.
Feb 26, 1997
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to disregard $10 million of capital expenditures in applying the $10 million limitation on the face amount of qualified small issue bonds. Excludes any qualified small issue bond from the limitation on use for land acquisition. Repeals the percentage limitation on directly related and ancillary facilities which may be financed by qualified small issue bonds. Changes the private activity bond volume cap State ceiling maximum amount.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1