A bill to exclude from arbitrage bond classification obligations issued during the period beginning January 1, 1967, through December 31, 1971, by a State, a territory, a possession of the United States, or any political subdivision of any of the foregoing, or by the District of Columbia.

[AI summary unavailable — showing source text] Excludes from arbitrage bond classification under the Internal Revenue Code those obligations issued which is $5,000,000 or less to redeem obligations issued during the period beginning January 1, 1967, through December 31, 1971, by a State, a territory, a possession of the United States, or any political subdivision of any of the foregoing, or by the District of Columbia. (Amends 26 U.S.C. 103(d))…