S 2885
110th Congress
Senate
Taxation
Bonds
Commerce
Finance and Financial Sector
Income tax
Industrial buildings
Manufacturing industries
Tax exemption
A bill to amend the Internal Revenue Code of 1986 to expand the availability of industrial development bonds to facilities manufacturing intangible property.
Introduced: April 17, 2008
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 17, 2008
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3156)
Apr 17, 2008
Sponsor introductory remarks on measure. (CR S3155-3156)
Apr 17, 2008
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to: (1) qualify manufacturing facilities that create intangible property for tax-exempt bond financing; and (2) revise the definition of "manufacturing facility" for purposes of certain limitations on tax-exempt bond financing to include facilities which are functionally related and subordinate to a manufacturing facility.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3156)
Committees of jurisdiction
1
Cosponsors
1