To amend the Internal Revenue Code of 1986 to provide that certain uses of a facility owned by a tax-exempt organization shall not be treated as private business use for purposes of determining whether bonds issued to provide the facility are tax-exempt bonds.

Summary

Amends the Internal Revenue Code to provide that the use of a facility owned by a tax-exempt organization by a non-governmental person resulting from the purchase of a franchise or similar type asset by a tax-exempt organization shall not, if certain conditions are met, be treated as a private business use for purposes of determining whether bonds issued to provide the facility are tax-exempt bonds.

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

Timeline

1. 18 November 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 18 November 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 November 1999

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 18 November 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 November 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 November 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 November 1999

  Open at official source

Sponsors

• Rep. Tanner, John S. [D-TN-8] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to provide that certain uses of a facility owned by a tax-exempt organization shall not be treated as private business use for purposes of determining whether bonds issued to provide the facility are tax-exempt bonds.