To amend the Internal Revenue Code of 1986 to provide that certain bonds issued by local governments in connection with delinquent real property taxes may be treated as tax exempt.

Summary

Amends the Internal Revenue Code to provide that certain bonds issued by local governments in connection with delinquent real property taxes (delinquent tax bonds) may be treated as tax exempt. Requires: (1) such a bond to be issued (with a three-month maturity date) primarily to facilitate the collection or receipt of delinquent real property taxes; and (2) that all delinquent real property taxes (and interest, fees, and penalties attributable to them) received by such governmental units after a specified date but before any maturity date are used, within three months of receipt, for the payment of principal, interest, or redemption price of the issue of which the bond is a part (to the extent that such taxes, interest, fees, and penalties do not exceed such principal, interest, and redemption price, in the aggregate).

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Timeline

1. 14 April 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 April 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 April 1999

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 April 1999 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 April 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 April 1999

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 14 April 1999

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Camp, Dave [R-MI-4] · R · Sponsor
• Rep. Levin, Sander M. [D-MI-12] · D · Sponsor
• Rep. Knollenberg, Joe [R-MI-9] · R · Sponsor
• Rep. Upton, Fred [R-MI-6] · R · Sponsor
• Rep. Ehlers, Vernon J. [R-MI-3] · R · Sponsor
• Rep. Smith, Nick [R-MI-7] · R · Sponsor
• Rep. Hoekstra, Peter [R-MI-2] · R · Sponsor
• Rep. Barcia, James A. [D-MI-5] · D · Sponsor
• Rep. Bonior, David E. [D-MI-10] · D · Sponsor
• Rep. Kildee, Dale E. [D-MI-5] · D · Sponsor
• Rep. Rivers, Lynn N. [D-MI-13] · D · Sponsor
• Sen. Stabenow, Debbie [D-MI] · D · Sponsor
• Rep. Dingell, John D. [D-MI-12] · D · Sponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
• Rep. Kilpatrick, Carolyn C. [D-MI-13] · D · Sponsor
• Rep. Stupak, Bart [D-MI-1] · D · Sponsor
• · hswm00 · Standing

Related records

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