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HR 1080 115th Congress House

HBCU Investment Expansion Act

Official title: To amend the Securities Act of 1933 and the Internal Revenue Code of 1986 to provide an exemption and payments from taxation for 501(c)(3) bonds issued on beha… Show full official titleShow less

Official title: To amend the Securities Act of 1933 and the Internal Revenue Code of 1986 to provide an exemption and payments from taxation for 501(c)(3) bonds issued on behalf of a historically Black college or university.

Introduced: February 15, 2017 See on congress.gov
Taxation Higher educationInterest, dividends, interest ratesMinority educationSecurities
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Social work, volunteer service, charitable organizationsState and local taxationTax administration and collection, taxpayers
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 15, 2017
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 15, 2017
Introduced in House
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 Latest action February 15, 2017

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

HBCU Investment Expansion Act

This bill amends the Securities Act of 1933 to exempt qualified 501(c)(3) bonds issued after the enactment of this bill on behalf of a historically black college or university from state and local taxes.

The bill also amends the Internal Revenue Code to allow a tax credit for jurisdictions that forgo taxes with respect to the interest payments under such a bond. The credit is equal to the total amount of interest paid on such a bond during the taxable year. The Department of the Treasury must pay the credit to the qualifying jurisdiction as soon as practicable after the recipient of the interest payments files a tax return with the jurisdiction.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 4
D
Khanna, Ro
California · Jul 11, 2018
 D
Adams, Alma S.
North Carolina · Feb 15, 2017
 D
Moore, Gwen
Wisconsin · Feb 15, 2017
 D
Scott, Robert C. "Bobby"
Virginia · Feb 15, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1080: HBCU Investment Expansion Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1080/
MLA
"H.R. 1080: HBCU Investment Expansion Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1080/.
Bluebook (legal)
H.R. 1080, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1080/.
Markdown link
[H.R. 1080: HBCU Investment Expansion Act](https://openamerica.io/bill/115-HR-1080/)
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