HR 1060 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to clarify that a NADBank guarantee is not considered a Federal guarantee for purposes of determining the tax-exempt status of bonds.

Introduced 2009-02-13· Sponsored by Rep. Gonzalez, Charles A. [D-TX-20]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-02-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that a loan guarantee by the North American Development Bank (NADBank) shall not be treated as a federal guarantee for purposes of the tax exclusion for interest on state and local bonds.…

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