HR 10239 · 95th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to clarify the tax status of certain industrial development bonds issued to provide facilities for the furnishing of water including water used to cool thermal generating plants or to generate hydroelectric energy.
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Measure passed House, amended.(1978-10-13)
Plain Language Summary
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Amends the Internal Revenue Code to allow an income tax exclusion for the interest on governmental bonds the proceeds of which are used for facilities to furnish hydroelectric energy.…
Summarized by Claude AI · Non-partisan · For informational purposes only