A bill to amend the Internal Revenue Code of 1954 to provide that certain research or experimental expenditures will not be taken into account for purposes of the small issue exemption from the industrial development bond rules.

openUnited States· United States Congress· EN

Introduced

22 January 1981

Last action

—

Status

For Further Action See H.R.4444.

Summary

Amends the Internal Revenue Code to provide that business-related research and experimental expenditures shall not be taken into account for purposes of determining the aggregate face value of industrial development bonds which otherwise qualify for the small issue exemption.

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Documents

1 official file

Introduced in House
summary · EN · 22 January 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/1185
Open data entity: https://api.congress.gov/v3/bill/97/hr/1185