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United States · Bill · HR

H.R. 484 (97th)

A bill to amend the Internal Revenue Code of 1954 to clarify the tax exemption for interest on obligations of volunteer fire departments.

openUnited States· United States Congress· EN

Introduced

5 January 1981

Last action

19 August 1982 · Committee

Status

See H.R.4961.

Sponsors

Rep. Roe, Robert A. [D-NJ-8], Rep. LaFalce, John J. [D-NY-29], Rep. Whitley, Charles O., Sr. [D-NC-3], Rep. Rose, Charlie [D-NC-7], Rep. Robinson, J. Kenneth [R-VA-7], Rep. Oberstar, James L. [D-MN-8], Rep. Neal, Stephen L. [D-NC-5], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Goodling, William F. [R-PA-19], Rep. Atkinson, Eugene V. [D-PA-25], Rep. Courter, Jim [R-NJ-12]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to provide that bonds issued by a volunteer fire department to finance the acquisition, construction, reconstruction, or improvement of firefighting property shall be treated as obligations of a local government and the interest on such bonds shall be excluded from gross income. Provides that a volunteer fire department qualifies for such tax treatment of its bonds if it: (1) is organized and operated to provide firefighting services in an area which does not have any other firefighting services; (2) is required by a local government to furnish firefighting services; (3) receives over half of its funding from local government; and (4) makes no charge for its services.

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

Timeline

  1. 5 January 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 5 January 1981

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  3. 5 January 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 19 August 1982

    Committee

    See H.R.4961.

    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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