A bill to amend the Internal Revenue Code of 1954 to provide that the 10,000,000 dollar exclusion of capital expenditures where there is an urban development action grant shall apply whether the grant was made before or after the issuance of bonds.

referredUnited States· United States Congress· EN

Introduced

27 February 1985

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide that for purposes of the small issue industrial development bonds tax exemption, the $10,000,000 exclusion of capital expenditures where there is an urban development action grant shall apply whether the grant was made before or after the issuance of bonds.

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Documents

1 official file

Introduced in House
summary · EN · 27 February 1985
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/house-bill/1310
Open data entity: https://api.congress.gov/v3/bill/99/hr/1310