HR 4567 · 97th Congress · Taxation

A bill to delay the application of Revenue Ruling 81-216, relating to the treatment of separate lots of industrial development bonds under the small issue exemption.

Introduced 1981-09-23· Sponsored by Rep. Guarini, Frank J. [D-NJ-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.6685.(1982-07-15)

Plain Language Summary

[AI summary unavailable — showing source text] Delays until 1983 the application of Revenue Ruling 81-216 which denies a tax exclusion of the interest on multiple lots of $1,000,000 each of industrial development bonds that are pooled and issued as one bond. Provides that the rules in effect before such Revenue Ruling (including Revenue Rulings 74-380, 77-55, and 78-159) shall remain in effect during such period.…

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

Cosponsors (10)

5 Democrats5 Republicans
Rep. Nowak, Henry [D-NY-37]NY
Rep. McDade, Joseph M. [R-PA-10]PA
Rep. Moakley, John Joseph [D-MA-9]MA
Rep. Williams, Lyle [R-OH-19]OH
Rep. Conte, Silvio O. [R-MA-1]MA
Rep. Frank, Barney [D-MA-4]MA
Rep. Miller, Clarence E. [R-OH-10]OH
Rep. Heckler, Margaret M. [R-MA-10]MA
Rep. Mitchell, Parren J. [D-MD-7]MD
Rep. Dyson, Roy [D-MD-1]MD