A bill to amend section 103 of the Internal Revenue Code of 1954.

Summary

Exempts from income tax the interest on bonds issued to pay the costs of facilities for furnishing water, whether or not to the general public. Exempts the interest on bond issues totaling less than $5,000,000. Provides that in determining the $5,000,000 total, capital expenditures of $500,000 will not be included. (Amends 26 U.S.C. 103)

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

Timeline

1. 6 March 1973

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 6 March 1973

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 6 March 1973

  Open at official source

Sponsors

• Sen. Curtis, Carl T. [R-NE] · R · Sponsor
• Sen. Allen, James B. [D-AL] · D · Cosponsor
• Sen. Dole, Robert J. [R-KS] · R · Cosponsor
• Sen. Talmadge, Herman E. [D-GA] · D · Cosponsor
• · ssfi00 · Standing

Related records

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