HR 4737 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 with respect to the advance refunding of certain industrial development bonds.

Introduced 1979-07-11· Sponsored by Rep. Corman, James C. [D-CA-21]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-07-11)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit the exclusion from gross income of interest earned on industrial development bonds which are used to refund any obligation for which such bonds may be issued under the Internal Revenue Code. Sets forth transitional rules for industrial development bonds issued prior to certain specified dates.…

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

Cosponsors (1)

1 Republican
Rep. Conable, Barber B., Jr. [R-NY-35]NY