HR 2847 · 104th Congress · Taxation

Economic Revitalization Act of 1996

Introduced 1996-01-04· Sponsored by Rep. Coyne, William J. [D-PA-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1996-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Economic Revitalization Act of 1996 - Amends the Internal Revenue Code to provide a tax-exemption for distressed community economic development bonds. Excepts 50 percent of such bonds from the volume cap. Allows a deduction for such bonds as qualified tax-exempt obligations.…

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