A bill to amend the Internal Revenue Code of 1954 to clarify the local furnishing rule with respect to the tax-exempt status of interest on obligations issued to provide facilities for the local furnishing of gas.

openUnited States· United States Congress· EN

Introduced

5 November 1981

Last action

—

Status

Subcommittee Hearings Held.

Summary

Amends the Internal Revenue Code to specify that interest on certain industrial development bonds may be excluded from gross income if such bonds are used for the local furnishing of gas (previously just electric) energy.

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Documents

1 official file

Introduced in House
summary · EN · 5 November 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/4917
Open data entity: https://api.congress.gov/v3/bill/97/hr/4917