HR 1338 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exempt from industrial development bond treatment certain bond issues the proceeds of which are used for drydock facilities the primary use of which is to be for repairing, inspecting, or servicing vessels.

Introduced 1977-01-04· Sponsored by Rep. Steiger, William A. [R-WI-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income interest on industrial development bonds used to provide drydocks for servicing (not manufacturing) vessels.…

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