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United States · Bill · HR

H.R. 2618 (100th)

High-Speed Intercity Rail Transportation Bond Financing Act of 1987

openUnited States· United States Congress· EN

Introduced

4 June 1987

Last action

10 November 1988 · Committee

Status

Provisions of Measure Incorporated Into H.R.4333.

Sponsors

Rep. Pepper, Claude [D-FL-18], Rep. Bennett, Charles E. [D-FL-3], Rep. Fascell, Dante B. [D-FL-19], Rep. Gibbons, Sam [D-FL-11], Rep. Chappell, Bill, Jr. [D-FL-4], Rep. Young, C. W. Bill [R-FL-13], Rep. Lehman, William [D-FL-17], Rep. Ireland, Andrew P. [R-FL-10], Rep. Hutto, Earl [D-FL-1], Rep. Mica, Daniel Andrew [D-FL-14], Sen. Nelson, Bill [D-FL], Rep. McCollum, Bill [R-FL-8], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Bilirakis, Michael [R-FL-9], Rep. Lewis, Thomas F. [R-FL-12], Sen. Mack, Connie, III [R-FL], Rep. MacKay, Buddy [D-FL-6], Rep. Smith, Lawrence [D-FL-16], Rep. Grant, Bill [R-FL-2]

Subjects

Taxation

Source updated

28 August 2025

Taxation

Official sourceView documentsShare

Summary

High-Speed Intercity Rail Transportation Bond Financing Act of 1987 - Amends the Internal Revenue Code to add to the category of tax-exempt facility bonds any bonds that are part of an issue 95 percent or more of whose net proceeds are used to provide high-speed intercity rail facilities to be owned by a governmental unit and made available to the general public. Exempts such bonds from: (1) the volume cap generally applicable to private activity bonds; and (2) limitations on the use of bond proceeds for land acquisition.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 June 1987

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 4 June 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 June 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 10 November 1988

    Committee

    Provisions of Measure Incorporated Into H.R.4333.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

Related records

Sources

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