HR 3074 · 97th Congress · Taxation

A bill to amend section 103(b)(6) of the Internal Revenue Code of 1954 to increase the exemption from the industrial development bond provisions for certain small issues.

Introduced 1981-04-07· Sponsored by Rep. Gephardt, Richard A. [D-MO-3]· 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 $1,000,000 to $3,000,000 the allowable face amount of certain small issues for purposes of the exclusion from gross income of interest on industrial development bonds.…

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

Cosponsors (1)

1 Republican
Rep. Duncan, John J. [R-TN-2]TN