HR 5653 · 102th Congress · Taxation
To amend the Internal Revenue Code of 1986 to exempt the full amount of bonds issued for government-owned high-speed intercity rail facilities from the State volume cap on private activity bonds and to require reporting of certain income and real property taxes.
Bill Progress
✓
Introduced✓
Committee3
House Vote4
Senate5
EnactedLatest: On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 48 - 369 (Roll no. 328).(1992-07-28)
Recorded Votes
How Did Your Rep Vote?
Enter a ZIP code or representative's name
Plain Language Summary
[AI summary unavailable — showing source text]
Amends the Internal Revenue Code to provide a complete tax exemption from the State volume cap (currently a 75 percent tax exemption) for bonds used to finance government-owned high-speed intercity rail facilities. Requires information reporting on refunds of real property taxes.…
Summarized by Claude AI · Non-partisan · For informational purposes only