HR 3619 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase from $1,000,000 to $10,000,000 the exemption from industrial development bond treatment for certain small issues.

Introduced 1979-04-10· Sponsored by Rep. Lott, Trent [R-MS-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-04-10)

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 dollar limit for bond issues qualifying as small issues, for purposes of the exclusion from gross income of the interest on such bonds.…

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