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United States · Bill · HR

H.R. 2960 (104th)

To amend the Internal Revenue Code of 1986 to provide that amounts derived from Federal grants in connection with revolving funds established in accordance with the Federal Water Pollution Control Act will not be treated as investment property for purposes of section 148 of such Code.

referredUnited States· United States Congress· EN

Introduced

1 February 1996

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends the Internal Revenue Code to exclude amounts derived from Federal grants made in connection with a revolving fund established in accordance with the Federal Water Pollution Control Act from characterization as higher yielding investments.

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Documents

3 official files

Introduced in House (text)

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