HR 8621 · 95th Congress · Taxation
A bill to provide for the tax treatment of interest on obligations issued by the Sabine River Authority of Texas.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1977-07-28)
Plain Language Summary
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Amends the Internal Revenue Code to declare the Sabine River Authority of Texas a political subdivision of Texas and to exclude interest on the obligations issued by such Authority from the tax treatment accorded industrial development bonds.…
Summarized by Claude AI · Non-partisan · For informational purposes only