To amend the Internal Revenue Code of 1986 to provide an exception for certain public-private research arrangements from the business use test for purposes of determining private activity bonds.

Summary

Amends the Internal Revenue Code to allow a tax exemption for private activity bond interest if the proceeds from such a bond are to be used for basic research (i.e., any original investigation for the advancement of scientific knowledge not having a specific commercial objective) at a government unit, a tax-exempt charitable organization, or a private organization that has a bona-fide contractual arrangement with a government unit or tax-exempt organization.

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Timeline

1. 15 April 2015

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 15 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 April 2015 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 April 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 April 2015

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 April 2015

  Open at official source

Sponsors

• Daniel Lipinski · D · Sponsor
• · hswm00 · Standing

Related records

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