A bill to amend the Internal Revenue Code of 1986 to modify the tax credit for holders of qualified zone academy bonds.

Summary

Amends the Internal Revenue Code to include construction as a "qualified purpose" for the spending of a "qualified zone academy bond" (95 percent of such bond proceeds must be spent on a "qualified purpose"). Allows the credit retained by a regulated investment company for its holding of a zone academy bond to be distributed to the company's shareholders. Permits such credits to be stripped.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 July 2003

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 July 2003

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 July 2003

  Open at official source

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