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HR 1421 108th Congress House Taxation Federal-Indian relations Finance and Financial Sector Gambling Government Operations and Politics Income tax Indian lands Information disclosure (Securities law) Minorities Native Americans Securities regulation Sports and Recreation Tax-exempt securities

Tribal Government Tax-Exempt Bond Fairness Act of 2003

Introduced: March 25, 2003 See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 2003
Referred to the House Committee on Ways and Means.
Mar 25, 2003
Introduced in House
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 Plain-English summary Congressional Research Service
Tribal Government Tax-Exempt Bond Fairness Act of 2003 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if: (1) at least 95 percent of the net proceeds are used to finance facilities on an Indian reservation; or (2) the obligation is part of an issue substantially all of whose proceeds are to be used in the exercise of an essential government function. Excludes an obligation used to finance a gaming facility.

Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements.

What's happening now March 25, 2003

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 1526 Identical bill Tribal Government Tax-Exempt Bond Fairness Act of 2003
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Pallone, Frank
New Jersey · Mar 2, 2004
 R
Cole, Tom
Oklahoma · Oct 16, 2003
 D
McCollum, Betty
Minnesota · Jun 10, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1421: Tribal Government Tax-Exempt Bond Fairness Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-1421/
MLA
"H.R. 1421: Tribal Government Tax-Exempt Bond Fairness Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-1421/.
Bluebook (legal)
H.R. 1421, 108th Cong. (2026), https://openamerica.io/bill/108-HR-1421/.
Markdown link
[H.R. 1421: Tribal Government Tax-Exempt Bond Fairness Act of 2003](https://openamerica.io/bill/108-HR-1421/)
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