Skip to content
PoliticalRepoPoliticalRepo

United States · Resolution · SRES

S.Res. 371 (99th)

A resolution to express the sense of the Senate to protect the public and private financing of infrastructure by retaining the current treatment of such financing through tax-exempt bonds, depreciation of recovery property, and regular tax credit for investment in depreciable property.

openUnited States· United States Congress· EN

Introduced

26 March 1986

Last action

2 April 1986 · Committee

Status

Committee on Finance requested executive comment from OMB, Treasury Department.

Sponsors

Sen. Domenici, Pete V. [R-NM], Sen. D'Amato, Alfonse [R-NY], Sen. Denton, Jeremiah [R-AL], Sen. Dodd, Christopher J. [D-CT], Sen. Durenberger, Dave [R-MN], Sen. Gramm, Phil [R-TX], Sen. Hawkins, Paula [R-FL], Sen. Hecht, Chic [R-NV], Sen. Kasten, Robert W., Jr. [R-WI], Sen. Nickles, Don [R-OK], Sen. Simon, Paul [D-IL], Sen. Thurmond, Strom [R-SC], Sen. Wilson, Pete [R-CA], Sen. Andrews, Mark [R-ND]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Expresses the sense of the Senate, and instructs its committees and conferees, that the Senate: (1) will not approve any provisions relating to tax-exempt bonds in H.R. 3838 or similar legislation that will adversely affect the ability of States and their political subdivisions to finance infrastructure needs; (2) will retain incentives in the capital formation provisions of any tax reform legislation to encourage private investment in public infrastructure; and (3) will not approve any tax reform provisions that would adversely affect the tax-exempt status of bonds or other obligations of the States or their political subdivisions which comply with current law and which are issued prior to either January 1, 1987, or any later date provided in enacted law.

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

Timeline

  1. 26 March 1986

    Introduced

    Referred to the Committee on Finance.

    Source: IntroReferral

  2. 26 March 1986

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 2 April 1986

    Committee

    Committee on Finance requested executive comment from OMB, Treasury Department.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.