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United States · Bill · S

S. 740 (97th)

A bill entitled the "Railroad Bonding Act".

openUnited States· United States Congress· EN

Introduced

19 March 1981

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Amends the Internal Revenue Code to exclude from gross income interest earned on industrial development bonds if the proceeds of such bonds are used to finance railroad rehabilitation or the acquisition of land or rights-of-way in connection with such rehabilitation.

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Documents

1 official file

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Sources

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