Tribal Government Tax-Exempt Bond Parity Act of 2006

Summary

Tribal Government Tax-Exempt Bond Parity Act of 2006 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if: (1) at least 95 percent of the net proceeds are used to finance facilities on an Indian reservation; or (2) the obligation is part of an issue substantially all of whose proceeds are to be used in the exercise of an essential government function. Excludes an obligation used to finance a gaming facility. Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements.

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Timeline

1. 26 June 2006

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 26 June 2006

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 June 2006 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 June 2006

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 June 2006

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 June 2006

  Open at official source

Sponsors

• Sen. Smith, Gordon H. [R-OR] · R · Sponsor
• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• · ssfi00 · Standing

Related records

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