Modernizing American Manufacturing Bonds Act

Summary

Modernizing American Manufacturing Bonds Act This bill amends the Internal Revenue Code, with respect to qualified small issue bonds for manufacturing purposes, to expand the definition of "manufacturing facility" to include a facility that: (1) is used in the creation or production of intangible property; or (2) is functionally related, subordinate to, and located on the same site as a facility used in the manufacturing or production of tangible personal property or in the creation or production of intangible property. The bill also increases from $10 million to $30 million the maximum bond limitation.

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Timeline

1. 29 March 2017

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 29 March 2017

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 29 March 2017 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 29 March 2017

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 29 March 2017

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 29 March 2017

  Open at official source

Sponsors

• Sen. Brown, Sherrod [D-OH] · D · Sponsor
• Sen. Perdue, David [R-GA] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → Modernizing American Manufacturing Bonds Act
• related to ← Modernizing American Manufacturing Bonds Act