HR 3226 · 97th Congress · Taxation

A bill to amend Subparagraph (I) of Section 103 (b) (6) of the Internal Revenue Code of 1954 and for other purposes.

Introduced 1981-04-10· Sponsored by Rep. Mollohan, Robert H. [D-WV-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-04-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the capital expenditure limit for certain small issues of bonds used in connection with urban development action grant programs for purposes of the tax exclusion of interest on such bonds. Amends the Revenue Act of 1978 to change the effective date for such increase.…

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