A bill to repeal the denial of the use of the accelerated cost recovery system with respect to tax-exempt obligations, and the expiration of the authority to issue such obligations.

Summary

Amends the Tax Equity and Fiscal Responsibility Act of 1982 to repeal provisions which disallow the accelerated cost recovery deductions for property financed with tax-exempt industrial development bonds. Repeals the 1986 expiration date for the authority to issue such tax-exempt obligations.

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

Timeline

1. 24 September 1982

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 24 September 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 28 September 1982

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 24 September 1982

  Open at official source

Sponsors

• Sen. Stennis, John C. [D-MS] · D · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• · ssfi00 · Standing

Related records

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