A bill to amend the Internal Revenue Code of 1954 to exempt from excise tax certain buses purchased by nonprofit organizations by other persons for exclusive use in furnishing transportation for State or local governments or nonprofit organizations.

Summary

Amends the Internal Revenue Code to exempt from excise tax buses purchased by tax exempt organizations or by other persons for exclusive use in furnishing transportation for a State or local government or a tax exempt organization (currently, transportation must be limited to students and employees of schools).

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

Timeline

1. 20 January 1977

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 20 January 1977

   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 · 20 January 1977

  Open at official source

Sponsors

• Sen. Matsunaga, Spark M. [D-HI] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to exempt from the excise tax, certain buses purchased by nonprofit organizations or by other persons for exclusive use in furnishing transportation for State or local governments or nonprofit organizations.