Tribal Government Tax-Exempt Bond Authority Amendments Act of 1997

Summary

Tribal Government Tax-Exempt Bond Authority Amendments Act of 1997 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if at least 95 percent of the net proceeds are used to finance tribal facilities. Provides for the tax-exempt treatment of any private activity bond issued by an Indian tribal government or subdivision as a qualified bond. Prescribes specific ownership restrictions and an employment test. Exempts from the exclusion any bond issued by such tribal government or subdivision unless it is federally guaranteed. 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. 23 May 1997

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 23 May 1997

   Introduced

   Sponsor introductory remarks on measure. (CR S5122-5125, S5129)

   Source: IntroReferral

3. 23 May 1997

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 23 May 1997 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 23 May 1997

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 23 May 1997

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 23 May 1997

  Open at official source

Sponsors

• Sen. McCain, John [R-AZ] · R · Sponsor
• Rep. Campbell, Ben Nighthorse [D-CO-3] · R · Sponsor
• · ssfi00 · Standing

Related records

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