HR 1423 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase to $15,000,000 the exemption for certain small issues from treatment as industrial development bonds.

Introduced 1981-01-28· Sponsored by Rep. Nowak, Henry [D-NY-37]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Committee Hearings Held.(1981-04-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from $10,000,000 to 15,000,000 the exemption for certain small issues from treatment as industrial development bonds, for purposes of the exclusion from gross income of the interest on such bonds.…

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