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S 1251 105th Congress Senate Taxation Commerce Cost of living adjustments Economics and Public Finance Finance and Financial Sector Government Operations and Politics Indexing (Economic policy) Industrial development bonds State finance Tax-exempt securities

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: October 3, 1997 See on congress.gov
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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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 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.

What's happening now October 3, 1997

Read twice and referred to the Committee on Finance.

 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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