To amend the Internal Revenue Code of 1986 to exempt interest on newly issued obligations of the Federal Government from tax, and for other purposes.

Summary

Amends the Internal Revenue Code to exclude from gross income interest on any obligation of the United States issued after enactment of this Act. Amends Federal law to require Federal obligations to be made available in denominations not exceeding $1,000.

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

Timeline

1. 19 June 1990

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 19 June 1990

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 June 1990

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 19 June 1990

  Open at official source

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Sponsors

• Rep. Bentley, Helen Delich [R-MD-2] · R · Sponsor
• Rep. Lipinski, William O. [D-IL-3] · D · Sponsor
• Rep. Eckart, Dennis E. [D-OH-11] · D · Sponsor
• Rep. Roe, Robert A. [D-NJ-8] · D · Sponsor
• Rep. DeLay, Tom [R-TX-22] · R · Sponsor
• · hswm00 · Standing

Related records

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