A bill to amend the Internal Revenue Code of 1954 to exclude the value of certain research and experimental expenditures from the aggregate face amount of certain small issues of industrial development bonds.

openUnited States· United States Congress· EN

Introduced

14 July 1981

Last action

—

Status

Subcommittee on Taxation and Debt Management. Hearings held.

Summary

Amends the Internal Revenue Code to provide that business-related research and experimental expenditures shall not be taken into account for purposes of determining the aggregate value of industrial development bonds which otherwise qualify for the small issue exemption.

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Documents

1 official file

Introduced in Senate
summary · EN · 14 July 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/1472
Open data entity: https://api.congress.gov/v3/bill/97/s/1472