A bill to amend section 103(c) of the Internal Revenue Code of 1954 to increase the exemption from the industrial development bond provisions for certain small issues.

referredUnited States· United States Congress· EN

Introduced

16 May 1974

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Extends the exemption from income tax for industrial development bonds up to $5,000,000 (and up to $10,000,000 at the election of the issuer and with the approval of the Secretary of the Treasury) for those bonds which are used for acquisition, construction, reconstruction, or improvement of land or property which is subject to the depreciation allowance under the Internal Revenue Code.

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Documents

1 official file

Introduced in House
summary · EN · 16 May 1974
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/house-bill/14869
Open data entity: https://api.congress.gov/v3/bill/93/hr/14869