HR 1771
109th Congress
House
Taxation
Development credit institutions
Economics and Public Finance
Federally-guaranteed loans
Finance and Financial Sector
Foreign Trade and International Finance
Income tax
Interest
North America
Tax exclusion
Tax-exempt securities
To amend the Internal Revenue Code of 1986 to clarify that a NADBank guarantee is not considered a Federal guarantee for purposes of determining the tax-exempt status of bonds.
Introduced: April 21, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 21, 2005
Referred to the House Committee on Ways and Means.
Apr 21, 2005
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide that a loan guarantee by the North American Development Bank (NADBank) shall not be treated as a Federal guarantee for purposes of the tax exclusion for interest on State and local bonds.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1