HR 4524 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that an advance refunding bond will not be a tax-exempt bond if it results in amounts becoming available which are invested in substantially guaranteed higher yielding investments.

Introduced 1990-04-18· Sponsored by Rep. Anthony, Beryl, Jr. [D-AR-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1990-04-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that an advance refunding bond will not be tax-exempt if it results in amounts becoming available which are invested in substantially guaranteed higher yielding investments.…

Summarized by Claude AI · Non-partisan · For informational purposes only