United States · Bill · HR
H.R. 3632 (99th)
Scientific Facilities Financing Act of 1985
Introduced
28 October 1985
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Scientific Facilities Financing Act of 1985 - Amends the Internal Revenue Code to provide that gross income does not include interest on qualified scientific facilities and equipment bonds. Defines "qualified scientific facilities and equipment bonds" as obligations issued by tax-exempt entities organized and operated exclusively for scientific and educational purposes where substantially all the proceeds are to be used to finance scientific facilities or equipment for the benefit of an institution of higher education.
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 28 October 1985
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/house-bill/3632
- Open data entity: https://api.congress.gov/v3/bill/99/hr/3632