HR 12302 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide an exclusion from gross income for the interest on certain governmental obligations the proceeds of which are used to provide hospital facilities.

Introduced 1976-03-04· Sponsored by Rep. Burleson, Omar [D-TX-17]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1976-03-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow the exclusion from gross income of interest on industrial development bonds, the proceeds of which are for the tax exempt activity of providing hospital facilities.…

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

Cosponsors (3)

1 Democrat2 Republicans
Rep. Archer, Bill [R-TX-7]
Rep. Duncan, John J. [R-TN-2]
Rep. Rangel, Charles B. [D-NY-19]NY