HR 3986 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide that the interest on certain obligations issued to finance the acquisition or rehabilitation of railroad facilities shall be exempt from Federal income tax.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1981-06-22)
Plain Language Summary
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Amends the Internal Revenue Code to provide that the interest on government bonds issued to finance the acquisition, construction, or rehabilitation of railroad facilities shall be exempt from Federal income tax.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
2 Democrats2 Republicans