HR 11039 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954, to increase from $1 million to $10 million the exemption from industrial development bond treatment for certain small issues.

Introduced 1975-12-08· Sponsored by Rep. Lent, Norman F. [R-NY-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-12-08)

Plain Language Summary

[AI summary unavailable — showing source text] Increases from $1,000,000 to $10,000,000 the amount of interest on industrial development bonds which may be excluded from gross income under the Internal Revenue Code of 1954.…

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