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
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1