A bill to amend the Internal Revenue Code of 1986 to provide that certain uses of a facility owned by a tax-exempt organization shall not be treated as private business use for purposes of determining whether bonds issued to provide the facility are tax-exempt bonds.

Summary

Amends the Internal Revenue Code to provide that the use of a facility owned by a tax-exempt organization by a non-governmental person resulting from the purchase of a franchise or similar type asset by a tax-exempt organization shall not, if certain conditions are met, be treated as a private business use for purposes of determining whether bonds issued to provide the facility are tax-exempt bonds.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 19 November 1999

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 19 November 1999

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 19 November 1999

  Open at official source

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