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United States · Bill · S

S. 765 (97th)

A bill to clarify the definition of the term "local furnishing" in the Internal Revenue Code of 1954.

openUnited States· United States Congress· EN

Introduced

23 March 1981

Last action

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Status

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

Sponsors

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Subjects

Discovery layer

Source updated

3 January 2025

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Summary

Amends the Internal Revenue Code to specify that interest on certain industrial development bonds may be excluded from gross income if such bonds are used for the local furnishing of gas (previously just electric) energy.

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Documents

1 official file

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