HR 3947
109th Congress
House
Taxation
Alabama
Bonds
Collection of accounts
Disaster relief
Economics and Public Finance
Emergency Management
Federally-guaranteed loans
Finance and Financial Sector
Floods
Hurricane aftermath legislation
Hurricanes
Income tax
Louisiana
Mississippi
Tax-exempt securities
Texas
Water Resources Development
Gulf Coast Recovery Bond Act of 2005
Introduced: September 29, 2005
Introduced by:
Blackburn, Marsha
Republican
· Tennessee
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 29, 2005
Referred to the House Committee on Ways and Means.
Sep 29, 2005
Introduced in House
Plain-English summary
Gulf Coast Recovery Bond Act of 2005 - Amends the Internal Revenue Code to provide for the issuance through 2010 of qualified Gulf Coast recovery bonds as tax-exempt state and local bonds (interest on such bonds is excluded from gross income). Requires that at least 95 percent of the net proceeds of such bonds be used for Hurricane Katrina and Rita disaster relief in the Gulf Coast areas of Alabama, Louisiana, Mississippi, and Texas.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1