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S 1251 105th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to increase the amount of private activity bonds which may be issued in each State, and to index such amount for inflation.

Introduced: June 4, 1998 See on congress.gov
Taxation CommerceCost of living adjustmentsEconomics and Public FinanceFinance and Financial Sector
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Government Operations and PoliticsIndexing (Economic policy)Industrial development bondsState financeTax-exempt securities
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 3, 1997
Read twice and referred to the Committee on Finance.
Oct 3, 1997
Sponsor introductory remarks on measure. (CR S10321)
Oct 3, 1997
Introduced in Senate
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 Latest action October 3, 1997

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to repeal the post-1987 reduction in the State ceiling on private activity bonds. Provides, beginning in 1999, for cost-of-living adjustments in the State ceiling on such bonds.

 Related & companion bills 1
  • HR 979 Identical bill To amend the Internal Revenue Code of 1986 to increase the amount of private activity which may be issued in each State…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 4 Republican 2
R
Grassley, Chuck
Iowa · Sep 15, 1998
 D
Durbin, Richard J.
Illinois · Jun 4, 1998
 D
Reed, Jack
Rhode Island · Apr 3, 1998
 D
Wyden, Ron
Oregon · Apr 2, 1998
 D
Murray, Patty
Washington · Mar 23, 1998
 R
Collins, Susan M.
Maine · Nov 13, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1251: A bill to amend the Internal Revenue Code of 1986 to increase the amount of private activity bonds which may be issued in each State, and to index such amount for inflation.. 105th Congress. Open America. https://openamerica.io/bill/105-S-1251/
MLA
"S. 1251: A bill to amend the Internal Revenue Code of 1986 to increase the amount of private activity bonds which may be issued in each State, and to index such amount for inflation.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-1251/.
Bluebook (legal)
S. 1251, 105th Cong. (2026), https://openamerica.io/bill/105-S-1251/.
Markdown link
[S. 1251: A bill to amend the Internal Revenue Code of 1986 to increase the amount of private activity bonds which may be issued in each State, and to index such amount for inflation.](https://openamerica.io/bill/105-S-1251/)
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