S 2526 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income interest on certain industrial development bonds the proceeds of which are to be used to furnish railroad transportation.

Introduced 1980-04-02· Sponsored by Sen. Baucus, Max [D-MT]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1980-04-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income interest on industrial development bonds whose proceeds are to be used to furnish railroad transportation facilities, including rolling stock.…

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

Cosponsors (1)

1 Democrat
Sen. Durkin, John A. [D-NH]