HR 12372 · 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 1976-03-09· Sponsored by Rep. Walsh, William F. [R-NY-33]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1976-03-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from $1,000,000 to $10,000,000 the exemption from industrial development bond treatment for qualified small issues, which exempts the interest paid on such bond issues from Federal taxation.…

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