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

Summary

Provides, under the Internal Revenue Code, for the exclusion from gross income of the interest on State and municipal obligations issued to provide facilities for the furnishing of water whether or not to the general public. Provides such exclusion for facilities which convert gas or oil burning equipment to equipment which burns other energy burning materials. Increases from $1,000,000 to $10,000,000 the amount of interest on industrial development bonds which may be excluded from gross income.

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

Timeline

1. 16 June 1975

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 16 June 1975

   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 · 16 June 1975

  Open at official source

Sponsors

• Sen. Curtis, Carl T. [R-NE] · R · Sponsor
• Sen. Taft, Robert, Jr. [R-OH] · R · Cosponsor
• Sen. Ford, Wendell H. [D-KY] · D · Cosponsor
• Sen. Goldwater, Barry [R-AZ] · R · Cosponsor
• Sen. Hruska, Roman L. [R-NE] · R · Cosponsor
• Sen. Scott, Hugh [R-PA] · R · Cosponsor
• Sen. Allen, James B. [D-AL] · D · Cosponsor
• · ssfi00 · Standing

Related records

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