HR 2772
116th Congress
House
Taxation
Income tax exclusion
Interest, dividends, interest rates
Securities
State and local finance
Investing in Our Communities Act
Introduced: May 15, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 15, 2019
Referred to the House Committee on Ways and Means.
May 15, 2019
Introduced in House
Plain-English summary
Investing in Our Communities Act
This bill amends the Internal Revenue Code, with respect to the requirements for tax-exempt bonds, to reinstate the exclusion from gross income for interest on certain bonds issued to advance refund another bond. The exclusion was repealed for bonds issued after 2017.
(A refunding bond is a bond used to pay principal, interest, or the redemption price on a prior bond issue. An advance refunding bond is issued more than 90 days before the redemption of the refunded bond.)
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1