HR 3097 · 106th Congress · Taxation

Private Enterprise Protection Act

Introduced 1999-10-18· Sponsored by Rep. Sanford, Marshall (Mark) [R-SC-1]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-10-18)

Plain Language Summary

[AI summary unavailable — showing source text] Private Enterprise Protection Act - Amends the Internal Revenue Code to prohibit the classification as a "private activity bond" of any bond from which more than the lesser of five percent of the proceeds or $1 million will be used to finance the construction, rehabilitation, or expansion of a "disqualified facility." Defines such facility.…

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