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United States · Bill · HR

H.R. 1060 (111th)

To amend the Internal Revenue Code of 1986 to clarify that a NADBank guarantee is not considered a Federal guarantee for purposes of determining the tax-exempt status of bonds.

referredUnited States· United States Congress· EN

Introduced

13 February 2009

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends the Internal Revenue Code to provide that a loan guarantee by the North American Development Bank (NADBank) shall not be treated as a federal guarantee for purposes of the tax exclusion for interest on state and local bonds.

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Documents

3 official files

Introduced in House (text)

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Sources

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