HR 6575
97th Congress
House
Taxation
Income tax
Industrial development bonds
Interest
Securities and Investments
Tax exclusion
A bill to amend the Internal Revenue Code of 1954 to provide that any small issue which is part of a multiple lot shall meet the requirements of the small issue exemption.
Introduced: June 10, 1982
Introduced by:
Markey, Edward J.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 1982
See H.R.6685.
Jun 10, 1982
Referred to House Committee on Ways and Means.
Jun 10, 1982
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to qualify multiple lot issues of industrial development bonds for the small issue exemption for purposes of the tax exclusion of interest on such bonds. Requires that such multiple lots be sold at the same time, at the same interest rate, and under a common marketing plan. Requires that a common or polled security be used to pay debt service on such obligations.
What's happening now
See H.R.6685.
Committees of jurisdiction
1
Cosponsors
1