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HR 661 108th Congress House

Health and Higher Education Facilities Improvement Act of 2003

Official title: To amend the Internal Revenue Code of 1986 to permit financial institutions to determine their interest expense deduction without regard to tax-exempt bonds is… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to permit financial institutions to determine their interest expense deduction without regard to tax-exempt bonds issued to provide certain small loans for health care or educational purposes.

Introduced: October 29, 2003 See on congress.gov
Taxation CharitiesCommerceEducationFinance and Financial Sector
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HealthHealth facilitiesHigher educationIncome taxInterestSocial WelfareTax deductionsTax-exempt securities
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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
Feb 11, 2003
Referred to the House Committee on Ways and Means.
Feb 11, 2003
Introduced in House
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 Latest action February 11, 2003

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Health and Higher Education Facilities Improvement Act of 2003 - Amends the Internal Revenue Code to allow a small tax-exempt bond issuer, the proceeds of the obligations of which are to be used to make or finance eligible loans for health care or educational purposes, to elect to apply specified current limitations on the amount of obligations by treating each borrower as the issuer of a separate issue.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
Janklow, William
· Oct 29, 2003
 D
Baldwin, Tammy
Wisconsin · May 22, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 661: Health and Higher Education Facilities Improvement Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-661/
MLA
"H.R. 661: Health and Higher Education Facilities Improvement Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-661/.
Bluebook (legal)
H.R. 661, 108th Cong. (2026), https://openamerica.io/bill/108-HR-661/.
Markdown link
[H.R. 661: Health and Higher Education Facilities Improvement Act of 2003](https://openamerica.io/bill/108-HR-661/)
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