A bill to amend the Internal Revenue Code of 1954 with respect to interest on certain governmental obligations the proceeds of which are to be used to provide solid waste disposal facilities.

Summary

Amends the Internal Revenue Code to include within the definition of "solid waste disposal facility", for purposes of the tax exemption for industrial development bond interest, any facility which has the function of: (1) recovering material from solid wastes; and (2) producing gas, heat, or energy directly or indirectly from the solid waste disposal process and which is operated by or on behalf of a governmental agency. Allows tax-exempt industrial development bonds to be used to fund solid waste disposal facilities where steam or electric energy produced at such facilities is sold to and used by the Federal Government.

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

Timeline

1. 13 July 1979

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 13 July 1979

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 13 July 1979

  Open at official source

Sponsors

• Sen. Byrd, Harry F., Jr. [I-VA] · I · Sponsor
• Sen. Warner, John [R-VA] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 with respect to interest on certain governmental obligations the proceeds of which are to be used to provide solid waste disposal facilities.